Home Foreclosures: Virgin Islands
V.I. Code Ann. tit. 5, §§ 484, 492 to 496; V.I. Code Ann. tit. 28, §§ 531 to 538
Most Common Method of Foreclosure: Judicial. V.I. Code Ann. tit. 28, § 531 provides that liens on real property, except for judgment liens, whether created by a mortgage or otherwise “shall be foreclosed, and the property adjudged to be sold to satisfy the debt secured thereby, by an action of an equitable nature.”
Preforeclosure Notice: