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Supporting the Homeowner is our mission. You do not have to Short Sale home new law AB2424 gives you a option.
Obtaining a listing can extend the foreclosure sale by 45 days with an additional extension for obtaining an executed purchase agreement – AB 2424
This law allows for a 45-day extension of the trustee’s sale for a seller in foreclosure based upon taking a listing. There are procedural details that must be followed, but generally the process is fairly straightforward: first, a seller in foreclosure signs a listing, and then it is delivered to the trustee. This will entitle the seller to a 45-day extension of the trustee’s sale as a matter of right. There is a second right to an additional extension based upon entering into contract to sell. Assuming the seller had previously obtained an extension based upon the listing, now the seller is entitled to an additional 45 days from the date the trustee receives an executed purchase agreement. This second extension right does not apply to property that is short. C.A.R. has two letters in our Sample Letter Library which outline the procedures that must be followed to obtain these extensions. The first letter is called, “45-Day Postponement of Trustee’s Sale: Listing Agreement,” and the second letter is called, “Additional 45-Day Postponement of Trustee’s Sale: Executed Purchase Agreement with Acceptance by Escrow.” The letters contain detailed but clear instructions on how to obtain the extensions.
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Tiny House Village for our unhoused Youth
Operation Reach is proud to be small part of this housing project to take care of our aged out Foster Youth, and those students who were living in there car on college campuses. It truly takes a village.