Virgil Films has closed a US deal in Toronto on the horror tale Foreclosure starring Michael Imperioli from The Sopranos.

Virgil plans a theatrical and VoD release in the first quarter of 2014 in what will be its third release of a film by writer-director Richard Ledes following Fred Won’t Move Out and The Caller, which both starred Elliott Gould.

Foreclosure is set against the fall-out from the financial crisis as a man and his son and father-in-law travel through a landscape of vacant properties in Queens, New York, to the house of a recently deceased relative.

At the house they discover a disturbing photograph in the basement that kicks off a horrifying series of events.

Virgil Films president Joseph Amodei brokered the deal with Josh Braun of Submarine Entertainment. Ged Dickersin serves as producer and Joseph Infantolino is the executive producer.

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