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Andy Mirza
  • Lender
  • Ladera Ranch, CA
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CA SB 1079 - changes to CA's foreclosure laws

Andy Mirza
  • Lender
  • Ladera Ranch, CA
Posted Sep 25 2020, 09:06

Here's another reason to dislike doing business in CA especially if you're a trustee sale buyer:

https://community.propertyrada...

Unfortunately, this new bill regarding CA foreclosures will probably get signed into law. It adds 45 days post trustee sale to allow "eligible bidders," including tenant occupants to outbid the winning bidder. Terrible for investors that buy at trustee sales. Adds at least 45 days to timelines for foreclosing lenders.

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