§ 4530 - Redemption if copy not recorded - Vermont Statutes

§ 4530. Redemption if copy not recorded

(a) The expiration of the right of redemption under the decree shall not foreclose the interest of subsequent purchasers, mortgagees, or attaching creditors whose interest in the property being foreclosed first arose after the filing of the complaint for foreclosure in the land records as provided in section 4523 of this chapter, unless the plaintiff complies with section 4529 of this title or records in the land records a certified copy of the judgment, prior to the acquiring of any interest in or lien on the lands by a purchaser, mortgagee, or attaching creditor.

(b) If the certified copy of the judgment is not recorded within the time period specified in section 4529 of this chapter or prior to the acquisition of an interest in the lands being foreclosed, upon motion by a plaintiff or a party intervening in the action to assert a right of redemption as a result of the late recording of the certified copy of the judgment, the court before which the foreclosure is proceeding may establish a right of redemption for the party asserting a right under this subsection. No party whose right to redeem has expired under the terms of the judgment shall be granted an additional right to redeem, nor shall any previously expired right of redemption be reinstated in a proceeding under this section. (Amended 2005, No. 133 (Adj. Sess.), § 4, eff. May 5, 2006.)