Residential Property Foreclosure Process
Government Code §§ 2924h and 2924m
The legislature enacted a statue in 2020, which provided prospective owner-occupants (other than the current mortgagor or trustor) special rights in non-judicial residential foreclosures, including a right of first refusal on the highest bid by a nonowner-occupant. As of 2021, that statute has now been revised to prevent employees, officers, members, or owners of an entity trustor or mortgagor from using the statute.
This article provides only general information, and not legal advice. If you have any questions or if we can help evaluate on how this applies to you, please reach out to us at info@mcc-lawyers.com.
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