Va. Code Ann. § 64.2-320

Purchaser for value or lender

Effective Jul 1, 20121982, c. 456, § 64.1-202; 2012, c. 614.
  1. A. If a surviving spouse has apparent title to property to which this article applies, a purchaser for value or a lender taking a security interest in the property takes his interest in the property free of any rights of the personal representative or an heir or devisee of the decedent.
  2. B. If a personal representative or an heir or devisee of the decedent has apparent title to property to which this article applies, a purchaser for value or a lender taking a security interest in the property takes his interest in the property free of any rights of the surviving spouse.
  3. C. A purchaser for value or a lender need not inquire whether a vendor or borrower acted properly.
  4. D. The proceeds of a sale or creation of a security interest shall be treated in the same manner as the property transferred to the purchaser for value or a lender.

1982, c. 456, § 64.1-202; 2012, c. 614.

Log InSign Up