Equity

Card Set Information

Author:
Avkitty
ID:
258214
Filename:
Equity
Updated:
2014-01-24 15:26:07
Tags:
VA BAR
Folders:
VA BAR
Description:
VA BAR Equity
Show Answers:

Home > Flashcards > Print Preview

The flashcards below were created by user Avkitty on FreezingBlue Flashcards. What would you like to do?


  1. How long do you have to enforce a judgment lien?
    20 years

    • Exceptions: 
    • 1. land--> 10 years
    • 2. Decedent --> 2 years
  2. Confession of Judgment
    Statutory device where a debtor may waive notice and hearing for failure to pay an obligation. 

    • Process to contest it:
    • D must petition court w/in 21 days of notice of judgment against him to set aside the judgment.
  3. Lis Pendens
    • "Before the suit"
    • Effect--> is to establish the priority of any judgment lien ultimately rendered in the underlying case. 

    The judgment will relate back to the time the lis pendens was filed.

What would you like to do?

Home > Flashcards > Print Preview