Card Set Information
VA BAR Equity
How long do you have to enforce a judgment lien?
1. land--> 10 years
2. Decedent --> 2 years
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.
"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.