Creditor News Blog

A Blog for individuals and businesses concerned with Creditor’s Rights

Monday, March 30, 2026

Foreclosure: Sale Deficiency Actions

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Frequently there will be a deficiency balance after the sale is completed and the accounting is done.  The account of sale will set forth th...
Monday, March 23, 2026

Real Estate: Foreclosing on Homeowner Association Liens to Secure an Interest in Real Estate

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I n recent editions of Creditor News we have been discussing the benefits of using real estate to improve creditors’ positions.   As I have...
Monday, March 16, 2026

Bankruptcy: Homestead Exemption - Deed Executed by Counsel

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The case of In re Goodman serves as another good example why you should review all case documents.   In Goodman , the United States Bankrup...
Monday, March 9, 2026

Collections: Debt Collections: You Need a Plan, From the Beginning

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Any business or lending institution that extends credit to its customers or members will inevitably be faced with bad debts.  To insure maxi...
Monday, March 2, 2026

Foreclosure: Deposits

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Virginia Code §55.1-324 permits the trustee to require of any bidder at any sale a deposit of as much as ten percent of the sales price, unl...
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About the Editors

Edward S. Whitlock, III
Eddie is a Richmond native with a concentrated law practice in creditor representation. His practice focuses on creditor’s rights (Collection, Bankruptcy, Real Estate, and Foreclosure), but also includes the general practice of law (Business and Will & Estate Planning). Eddie holds a B.A. (1984) in Political Science, and a Juris Doctor (1987) from the University of Richmond. He is the former Chief of Admin/Military Law for the 329th Support Group (Area) in the Virginia Army National Guard. Eddie is the former President of both the Henrico County Bar Association and the Virginia Creditors’ Bar Association. He is the chair of the Virginia State Bar’s Fee Dispute Resolution Program, and a former member of the Virginia State Bar’s Disciplinary Committee. He is a board member of the Henrico Economic Development Authority. He is the Vice President of Home Loans for KOVAR Corporation. He is also a former director of Henrico CASA, and a former adjunct professor of criminal law at J. Sargeant Reynolds Community College.
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