An owner entitled to surplus funds remaining from the foreclosure sale of their residence are chased by individuals attempting to make claim on the surplus funds. Now these surplus fund chasers are barred from contacting the owners for 90 days after the trustee’s deed is recorded to better protect California homeowners in a vulnerable position.
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A trustee uses RPI Forms 474-2 and 474-1 when posting a Notice of Trustee’s Sale (NOTS) on a residential property.
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This video explains the procedures followed for a trustee’s sale in California.
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This article continues our discussion of the Notice of Default (NOD) and Notice of Trustee’s Sale (NOTS).
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RPI Forms 412 and 474 notify interested parties of a default.
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This article is part of an ongoing series covering violations of real estate law. Here, the DRE denied outright reinstatement of a broker license to a broker whose license the DRE had originally revoked due to his involvement in a bid rigging scheme.
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The trustee’s acceptance of the final and highest bid from the successful bidder at a nonjudicial foreclosure sale.
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The mechanics of a nonjudical foreclosure sale under the power-of-sale provision contained in a trust deed or other security device.
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A licensed real estate broker violated both California Real Estate Law and the federal Sherman Antitrust Act by engaging in a practice of bid rigging.
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Citrus El Dorado, LLC v. Chicago Title Company Facts: A developer takes out a mortgage to fund...
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In the Matter of Spanish Peaks Holdings II, LLC Facts: A commercial landlord and a tenant enter...
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