William H. Casterline, Jr.


For 40 years at Blankingship & Keith, Bill Casterline's practice has focused on commercial real estate and creditors' rights. His clients include banks and other lending institutions, and individuals and companies who own, buy, sell, or lease real estate.

Following law school Bill spent four years active duty in the U.S. Army Judge Advocate General’s Corps during which time he served in the Office of the Judge Advocate, Headquarters U.S. Army Europe in Heidelberg, Germany, and as a trial defense counsel, during which assignment he tried over 95 courts-martial.

Since joining Blankingship & Keith in 1980, he has represented buyers and sellers, landlords and tenants. He represents commercial landlords in both leasing matters and collections including landlord's liens and representing landlords in bankruptcies filed by tenants. Bill regularly represents lenders in the preparation of commercial loan documents and closings of the loans. 

Bill's creditors rights practice includes residential and commercial foreclosures, bankruptcy litigation, and collection litigation throughout Virginia.  His foreclosure practice also includes loan workouts, loan modifications, "REO" sales, receiverships and deficiency lawsuits. Bill gained extensive experience in residential and commercial foreclosures during the 1988-1992 collapse of the savings and loan industry.  In 1990 he foreclosed over $450 million of commercial real properties.  During the 2007-2010 residential real estate collapse, Bill helped his clients through hundreds of foreclosures and bankruptcies filed by borrowers.  In 2010 Bill successfully obtained in a contested trial the appointment of a receiver for numerous commercial buildings in Richmond, Virginia.

His bankruptcy experience includes representing secured and unsecured creditors in all types of bankruptcy proceedings including proof of claims cases, objections to discharge, defenses against preference cases, objections to plans and motions for relief from stay. Bill does not represent debtors.

He has developed two specialized niches. First as a substitute trustee on large, complex commercial foreclosures. He has foreclosed virtually every type of commercial property from office buildings, shopping centers, stores and restaurants to partially completed subdivisions. Bill's second niche is as an expert witness in litigation involving foreclosures and trustee duties.

Bill also has lectured on foreclosure and bankruptcy issues to other attorneys for continuing legal education credit, and to lenders' foreclosure and bankruptcy departments. Since 1993 he has been a lecturer for Virginia CLE. He was chosen by Virginia CLE to be the editor of Virginia Foreclosures Practice, a comprehensive handbook on Virginia creditors' rights law and practice (including bankruptcy and other non-foreclosure creditor enforcement methods) first published in 1999.  He is a contributing author in two other Virginia CLE Handbooks:  Bankruptcy Practice in Virginia and Virginia Lawyer’s Practice Handbook.

Professional Honors & Activities

Fellow, American College of Real Estate Lawyers

Fellow, American College of Mortgage Lawyers

Rated AV by Martindale-Hubbell

Member, William & Mary Law Review (1974 to 1976)

U.S. Army, JAGC, Captain (1976 to 1980); Senior Defense Counsel (1980)

Virginia Bar Association (1980 – Present)

Faculty Member, "Issues in Foreclosures" Virginia CLE Seminar (1993 to Present)

Editor, "Virginia Foreclosure Practice", Virginia CLE Handbook (1999 to Present)

Contributing Author, "Virginia Lawyer's Practice Handbook", Virginia CLE Handbook (2000 to Present)

Contributing Author, "Bankruptcy Practice in Virginia", Virginia CLE Handbook (2004 to Present)

Moderator and Faculty Member, "Commercial Lease Negotiating and Drafting" Virginia CLE Seminar (2007)

Northern Virginia Bankruptcy Bar Association (1995 to Present)

American Bankruptcy Institute

Virginia Super Lawyers, Construction & Real Estate 

Virginia Business Legal Elite, Bankruptcy and Creditors' Rights 

Best Lawyers in America, Bankruptcy and Creditor rights

Representative Cases

  • Represents sellers and buyers of a variety of commercial properties including office buildings and land for development.
  • Loan document preparation and negotiation for large commercial loans, managing and coordinating closings and, when needed, resolving title and survey issues.
  • One of, if not the largest, commercial foreclosures in Virginia: $110,000,000 high rise condominium in Arlington.
  • One of, if not the largest, land foreclosures in Virginia: 1100 acres in Loudoun County.
  • Commercial foreclosures of a variety of properties: subdivisions, apartment complexes, office buildings, churches, elder care facilities, shopping centers, and restaurants.
  • Lawsuits to appoint receivers of apartment buildings, land, and numerous commercial properties.
  • Complicated motions for relief from stay involving real estate in bankruptcy.