If the purchaser does not pay the purchase money into the state treasury within a reasonable time, any deposit is forfeited, and the State Treasurer may rescind the contract and order a new sale.
Va. Code Ann. § 55.1-2425
Resale in case of default
Code 1919, § 508; Code 1950, § 55-187; 1990, c. 938; 2019, c. 712.
Official source: Virginia Law Portal (LIS). Reproduced from public-domain Virginia statutes; confirm against the official source for the current text. Not legal advice.