Document Type
Article
Publication Date
6-2-2021
Keywords
Arkansas law, Statutory foreclosure act, foreclosure, borrower, lender, purchaser for value
Abstract
This Comment explores Arkansas’s Statutory Foreclosure Act and addresses the question of whether there can be a “subsequent purchaser for value” when a foreclosure sale is void from the outset. After a review of the Act itself, distinction between void and voidable foreclosures of property, findings of other state courts, and proper application of the Act, the author urges the Arkansas Supreme Court to make a formal declaration finding that purchasers of property foreclosed upon in a void sale are not “subsequent purchasers for value” under the meaning of the statute.
Citation
Hungate, H. (2021). A-Void-Able Consequences: Void Sales & Subsequent Purchasers Under Arkansas’s Statutory Foreclosure Act. Arkansas Law Notes. Retrieved from https://scholarworks.uark.edu/arlnlaw/5
Included in
Banking and Finance Law Commons, Housing Law Commons, Legal History Commons, Property Law and Real Estate Commons, State and Local Government Law Commons