Virginia passed a bill extending the duration of the foreclosure stay for borrowers in default due to a government shutdown. Currently, a borrower in default must be granted a 30-day stay of foreclosure proceedings if the borrower timely requests a stay, provides proof that the borrower was furloughed or otherwise was or is not currently receiving wages or payments as a result of the closure of the U.S. government, and is an employee or independent contractor for the U.S. government, or an employee of a company under contract with the U.S. government. Under the bill, the 30-day foreclosure stay is extended to 60-days. The bill went into effect March 24, 2025.
Click to view the Virginia SB 1430: https://www.tenaco.com/wp-content/uploads/2025/05/VA-SB-1430.pdf
