Trustee Auction Held for 7 W Broad Rock Rd in Richmond on December 4

Substitute trustees will offer the parcel at 7 W. Broad Rock Road on December 4, 2026, following a default on the original financing agreements.

The upcoming foreclosure sale stems from a Deed of Trust dated February 27, 2023, carrying an original principal amount of $207,178.00. The instrument was officially recorded in the Clerk’s Office of the Circuit Court of the Richmond County, Virginia, under Instrument No. 230002712. Vylla Solutions – Virginia, LLC, operating out of Virginia Beach, is managing the filing under File No. 25-37668.

The public auction is scheduled for 3:45 PM at the front of the Circuit Court of the City of Richmond, located at 400 North Ninth Street. The property itself is officially designated as Lot No. 30 on the Plan of Hockaday’s Addition, with the corresponding plat recorded in the Clerk’s Office of the Circuit Court of Chesterfield County in Plat Book 1 at Page 414.

A deposit of $20,717.80—or 10 percent of the sale price, whichever is lower—is mandatory for the successful bidder at the time of the sale. Prior to the auction, interested parties must register with the trustee and present a valid bid deposit in certified funds or cash. However, trustees will cap cash acceptances at $9,900.00.

Unsuccessful bidders will have their deposits returned following the auction, while the winning bidder’s funds will be retained and applied directly toward the purchase price. Settlement must be finalized within 15 days.

The financial obligations for the buyer extend beyond the final bid. The successful bidder assumes full responsibility for securing physical possession of the property and covering all costs and fees associated with recording the Trustee’s Deed, including the grantor’s tax. Furthermore, the high bidder must pay for the preparation of the Trustee’s Deed by the trustee’s attorney and execute a Memorandum of Trustee’s Sale outlining the exact settlement terms.

Inquiries regarding the proceeding or requests to review the memorandum prior to the auction date can be directed to the debt collector at 888-313-1969.