A Brief Guide To Redemption of California Property After Judicial Foreclosure

more+
less-

Judicial Foreclosures are slowly increasing in California residential loan defaults. Usually, residential lenders do not file judicial foreclosures. Rather, they prefer to hold a trustee's sale to get the property back. This is a much faster, and streamlined, process which is governed by statute. In holding a trustee's sale foreclosure however, the lender gives up any rights to a deficiency judgment. With a judicial foreclosure the lender is entitled to a deficiency judgement, but the defaulting borrower can get up to one year to redeem the property. This guide discusses the redemption procedure. Citations are to the California code of civil procedure.

LOADING PDF: If there are any problems, click here to download the file.

Written by:

more+
less-

Law Office of James J. Falcone on:

Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:

Sign up to create your digest using LinkedIn*

*With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name. Or, sign up using your email address.
×
Loading...
×
×