§ 8.01-207.Who to collect purchase money and make deed; disposition of proceeds of sale.

Section 8.01-207 closes out the sale process begun under the preceding sections. On or before the bond from Section 8.01-206 matures, the sheriff or other officer who conducted the sale withdraws the bond from the clerk’s office — leaving a receipt and an attested copy behind — and collects the purchase money it secures. Once that money is paid, the same officer, or the deputy who ran the sale, acts as a commissioner in the Commonwealth’s name and executes a deed conveying the land to the purchaser, at the officer’s own cost, reciting the execution, the sale, and the price. That deed passes to the purchaser all the interest the debtor held in the land as of the date of the judgment or decree.

The officer then distributes the money collected in a set order: first the costs of the execution and sale, including any survey costs; then any delinquent or unpaid taxes and levies on the land; then the debt owed to the Commonwealth; and finally, whatever remains, to the judgment debtor.