Updated about 12 years ago on . Most recent reply
California Equity Purchase and Equity Skimming Laws
Calling all CA legal eagles. Is anyone aware of equity skimming laws in California separate from CCP 890-894? That Civil Code deals specifically with rent skimming. I'm also familiar with Civil Code 1695 that deals with equity purchases and working with sellers in foreclosure.
Neither of these laws restrict the re-sale or profit of the buyer. Is anyone aware of any law CA law that relates to equity purchases such as when buying property subject to existing debt?
It was mentioned in another thread that WA and OR have such restrictions.
@Rick H. Anyone?