2006 Code of Virginia § 55-388 - Purchaser\'s rights under developer\'s foreclosure
55-388. Purchaser's rights under developer's foreclosure.
The developer whose project is subject to an underlying blanket lien orencumbrance shall protect a nondefaulting purchaser from foreclosure orcancellation by the lien holder by securing from such lien holder or placingof record a nondisturbance clause, subordination agreement, or partialrelease of the lien as to that time-share sold to such purchaser.
(1981, c. 462; 1985, c. 517.)
Disclaimer: These codes may not be the most recent version. Virginia may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
