Purchaser's rights under developer's foreclosure

Va. Code Ann. § 55.1-2236
in effect
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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. 1981, c. 462, § 55-388; 1985, c. 517; 2019, c. 712 .
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://law.lis.virginia.gov/vacode/55.1-2236/Fetched: 10/16/2026

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