Virginia Statutes
§ 55.1-2236 — Purchaser's rights under developer's foreclosure
Virginia § 55.1-2236
JurisdictionVirginia
Title 55.1Property and Conveyances
Subtitle IVCommon Interest Communities
Ch. 22Virginia Real Estate Time-Share Act
Art. 4Financing
This text of Virginia § 55.1-2236 (Purchaser's rights under developer's foreclosure) is published on Counsel Stack Legal Research, covering Virginia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Va. Code Ann. § 55.1-2236 (2026).
Text
The developer whose project is subject to an underlying blanket lien or encumbrance shall protect a nondefaulting purchaser from foreclosure or cancellation by the lien holder by securing from such lien holder or recording of a nondisturbance clause, subordination agreement, or partial release of the lien as to that time-share sold to such purchaser.
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Legislative History
1981, c. 462, § 55-388; 1985, c. 517; 2019, c. 712.
Nearby Sections
15
§ 55.1-1000
Definitions§ 55.1-1001
Limitation on applicability of chapter§ 55.1-1003
Persons who may act as a settlement agent§ 55.1-1004
Duties of settlement agents§ 55.1-1006
Choice of settlement agent§ 55.1-1007
Disclosure§ 55.1-1008
Conditions for providing escrow, closing, or settlement services and for maintaining escrow accounts§ 55.1-1009
Falsifying settlement statements prohibited§ 55.1-1009.1
Prohibition against payment or receipt of settlement services kickbacks, rebates, commissions, and other payments§ 55.1-1011
Record retention requirementsCite This Page — Counsel Stack
Bluebook (online)
Virginia § 55.1-2236, Counsel Stack Legal Research, https://law.counselstack.com/statute/va/55.1/55.1-2236.