The borrower gets the surplus, if any, after paying off all liens and all costs of sale (although you may need to submit a claim to the foreclosure trustee to get them - contrary to the other post, no involvement of the sheriff in Va. foreclosures). But understand that a foreclosure sale is unlikely to generate top dollar. You would be well advised, if it is really worth that much, to sell it through a real estate agent. Even if sold for slightly less than full value to get a quick sale, that will be more than the foreclosure would generate. If you actually have a contract without any contingencies, most lenders will stop the foreclosure sale, and if they refuse you can file a bankruptcy case to stop it and make the private sale happen.