                                 CODE OF VIRGINIA

PURCHASER&#8217;S RIGHTS UNDER DEVELOPER&#8217;S FORECLOSURE (§ 55.1-2236)

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.

HISTORY: 1981, c. 462, § 55-388; 1985, c. 517; 2019, c. 712.