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Legislation


2012 Regular Session

HOUSE BILL 508

File Code: Real Property
Sponsored By:
Delegates Healey and Norman
Entitled:
Real Property - Foreclosure - Mortgage Foreclosure Property Values Protection Act of 2012

Synopsis:

Requiring a purchaser in a foreclosure sale, within 60 days after the entry of a final and nonappealable order ratifying a sale in an action to foreclose a mortgage or deed of trust on residential property, to close on a transaction to purchase real property and record a deed transferring title or to record among specified land records the final order of ratification and specified information; and defining "residential property."

History by Legislative and Calendar Date

Legislative date is used to record history occurring in the Chambers otherwise Calendar date is used. For explanation of terms click here.
House Action
2/2
First Reading Environmental Matters
2/3
Hearing 2/23 at 1:00 p.m.
3/22

Favorable with Amendments Report by Environmental Matters
3/19
Favorable with Amendments {820016/1 Report Adopted
Second Reading Passed with Amendments
3/20
Third Reading Passed (138-0)
Senate Action
3/22
First Reading Judicial Proceedings
3/27
Hearing 4/3 at 1:00 p.m.

Sponsored by:

Delegate Anne Healey, District 22
Delegate H. Wayne Norman, Jr., District 35A

Bill indexed under the following Subjects:

Foreclosure
Housing -see also- Apartments; Condos; Mobile & Manuf Homes
Land Records -see also- Deeds
Mortgages
Real Property
Recordation

Bill affects the following Statute:

Real Property
( 3-102.1 )

Documents

All documents except Roll Call Votes are displayed in PDF format:
Bill Text: First Reading, Third Reading, Enrolled
Fiscal and Policy Note: Available
Amendments:
House
Number: 820016/01     Offered on: March 22, 2012   at: 8:09 p.m.     Status: Adopted
Committee Votes :
House
Environmental Matters
Roll Call Vote (Legislative date is shown):
House
March 20, 2012: Third Reading Passed (138-0)
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