Legal Question in Real Estate Law in California
right of redemtion
Is the state of California a state that has the right of redemtion for the borrower to get back his property, after it has been sold at auction?
Asked on 7/15/09, 8:02 pm
1 Answer from Attorneys
Roy Hoffman
Law Offices of Roy A. Hoffman
Re: right of redemtion
If you are talking about the foreclosure of a deed of trust to a lender, no; the borrower's right to redeem the property expires 5 business days prior to the sale date (Civil Code section 2924c). The foreglosure of other liens may have a period of redeption. For instance, the foreclosure of homeowners association assessment lien may be redeemed for a period of 90 days.
Answered on 7/15/09, 8:10 pm
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