Bill Text: VA SB1120 | 2011 | Regular Session | Introduced
Bill Title: Judgment lien; court shall not decree real estate to be sold to enforce.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2011-01-31 - Senate: Passed by indefinitely in Courts of Justice (10-Y 5-N) [SB1120 Detail]
Download: Virginia-2011-SB1120-Introduced.html
11103742D Be it enacted by the General Assembly of Virginia: 1. That § 8.01-462 of the Code of Virginia is amended and reenacted as follows: § 8.01-462. Jurisdiction to enforce lien of judgment; when it may decree sale.
B. A court shall not decree such real estate, or any part thereof, to be sold pursuant to subsection A if (i) such real estate is used as the owner's primary residence; (ii) such owner has an annual household gross income below $59,000; and (iii) the value of such real estate is not greater than $150,000 based upon the most recent tax assessment. However, this subsection shall not apply if the judgment at issue was rendered against the owner of the real estate for (a) the commission of an intentional tort or fraud or (b) the failure to pay a child or spousal support obligation or state or local taxes or levies. For purposes of this section, "household gross income" has the same meaning as ascribed to it in § 34-4.2. |