8.01-98 - Sales of land when purchase price insufficient to pay taxes, etc. - Virginia Statutes

§ 8.01-98. Sales of land when purchase price insufficient to pay taxes, etc.

In any proceedings for the sale of real estate or to subject real estate tothe payment of debts, it appears to the court that the real estate cannot besold for enough to pay off the liens of taxes, levies, and assessmentsreturned delinquent against it, and it further appears that the purchaseprice offered is adequate and reasonable, such sale shall be confirmed, andthe court shall decree the payment and distribution of the proceeds of suchsale pro rata to the taxes, levies, and assessments due the Commonwealth orany political subdivision thereof, after having first deducted the cost ofsuch proceedings in court. Such decree shall be certified to the clerk of theappropriate court who has charge of the delinquent tax books, and such clerkshall cause the lien of such taxes, levies, and assessments to be markedsatisfied upon the list of delinquent lands regardless of whether the sameshall have been paid in full.

(Code 1950, § 8-657; 1977, c. 617.)