Title 28 — Property
25 chapters · 384 sections in this title.
28 V.I.C. § 531 Foreclosure of liens, including mortgages; recovery of debt
1.0K chars
(a) A lien upon real property, other than that of a judgment, whether created by mortgage or otherwise, shall be foreclosed, and the property adjudged to be sold to satisfy the debt secured thereby, by an action of an equitable nature. In such action, in addition to the judgment …
28 V.I.C. § 531A Ancient Mortgages
4.3K chars
(a) If the lien of a mortgage, or other instrument that creates a security interest of record in real property to secure a debt or other obligation has earlier expired, the lien expires at, and is not enforceable by an action for foreclosure commenced, power of sale exercised, or…
28 V.I.C. § 532 Other lien holders as defendants
0.5K chars
Any person having a lien subsequent to the plaintiff upon the same property or any part thereof, or who has given a promissory note or other personal obligation for the payment of the debt or any part thereof, secured by the mortgage or other lien which is the subject of the acti…
28 V.I.C. § 533 Judgment where a defendant has lien; priority of liens
0.6K chars
When it is adjudged that any of the defendants have a lien upon the property, the court shall make a like judgment in relation thereto and the debt secured thereby as if such defendant were a plaintiff in the action. When a judgment is given foreclosing two or more liens upon the…
28 V.I.C. § 534 Enforcement of judgment of foreclosure
1.1K chars
(a) The judgment may be enforced by execution as an ordinary judgment for the recovery of money, except as in this section otherwise or specially provided. (b) When a judgment of foreclosure and sale is given, an execution may issue thereon against the property adjudged to be sol…
28 V.I.C. § 535 Right to redeem
1.2K chars
A judgment of foreclosure shall not have the effect of barring the equity of redemption, and real property sold on execution issued upon such judgment may be redeemed, in like manner and with like effect, as real property sold on an execution issued on a judgment may be redeemed …
28 V.I.C. § 536 Foreclosure during action to recover debt
0.4K chars
During the pendency of an action for the recovery of a debt secured by any lien mentioned in section 531 of this title, an action cannot be maintained for the foreclosure of such lien, nor thereafter, unless judgment is given in such action that the plaintiff recover such debt or…
28 V.I.C. § 537 Debt payable in installments
0.7K chars
When an action is commenced to foreclose a lien by which a debt is secured, which debt is payable in installments, either of interest or principal, and any of such installments is not then due, the court shall adjudge a foreclosure of the lien, and may also adjudge a sale of the …
28 V.I.C. § 538 Payment before judgment or sale; installments not due; liens on personal property
0.6K chars
If, before a judgment is given, the amount then due, with the costs of action, is brought into court, and paid to the clerk, the action shall be dismissed, and if the same is done after judgment and before sale, the effect of the judgment as to the amount then due and paid shall …