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.

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