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2010 SESSION

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HB 711 Judgment; circuit court may decree sale of real estate used as owner's primary residence to enforce.

Introduced by: Christopher K. Peace | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Jurisdiction of court to enforce lien of judgment.  Provides that a circuit court may decree the sale of real estate used as the owner’s primary residence to enforce a judgment lien encumbering it only if (i) the value of that real estate is more than the median assessed value of single-family dwellings in the jurisdiction where the real estate is situated; (ii) the owner of that real estate has an annual household gross income that exceeds the greater of $50,000 or the income limits based upon family size for the respective metropolitan statistical area; and (iii) the judgment upon which the lien is based did not arise out of an intentional tort or act of fraud committed by the owner of the real estate.


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