Buying Pre foreclosure real estate in California

How to buy San Diego foreclosures

Most of the free foreclosure information on the webs seems to be seller oriented. Here is some information of buyers.

Preforeclosure Sales in California: "The primary California law governing Preforeclosure Sales is Civil Code Sections 1695-1695.17. (In addition there are other California statutes governing foreclosure consultants in Civil Code Sections 2945-2945.11 and predatory lending in Financial Code Sections 4970-4979.6.) Federal bankruptcy law can also have an impact. Finally, there are practical considerations. California Law The California preforeclosure sale statutes are relatively intricate. They apply to any residential real property consisting of one-to-four family dwelling units, one of which the owner occupies as his or her principal place of residence, and against which there is an outstanding notice of default. Here are the high points. 1. Every equity purchase contract must be written in at least 10-point bold type and must be fully completed and signed and dated before execution of any instrument of conveyance of the residence in foreclosure. The contract must include the entire agreement of the parties, including but not limited to the terms of any rental agreement. See Section 1695.3 for the full requirements list. 2. In addition, each contract must contain the following notice in at least 14-point boldface type, if the contract is printed or in capital letters if the contract is typed, and completed with the name of the equity purchaser, immediately above the notice of cancellation: NOTICE REQU"