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1995 SESSION

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LD0263288
HOUSE BILL NO. 2389 Offered January 23, 1995 A BILL to amend and reenact § 48-6 of the Code of Virginia, relating to nuisance abatement. ---------- Patron--Copeland (By Request) ---------- Referred to Committee for Courts of Justice ----------

Be it enacted by the General Assembly of Virginia:

1. That § 48-6 of the Code of Virginia is amended and reenacted as follows:

§ 48-6. Enforcement of judgment in rem.

Every judgment in rem under this chapter shall be enforced in the same manner as an attachment levied on real estate. However, when property is sold pursuant to court order to satisfy a nuisance abatement lien, the court may authorize the sale even though the offered price is less than the fair market value of the property; provided that, (i) the proposed sale is advertised once in a newspaper of general circulation in the locality where the property is located and (ii) the offeror agrees to invest in the property, in the form of repairs or capital improvements, within a period of twelve months after completion of the sale, an amount equal to the difference between the sale price and the fair market value of the property.