California Code of Civil Procedure 729.030 – The redemption period during which property may be redeemed from a …
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The redemption period during which property may be redeemed from a foreclosure sale under this chapter ends:
(a) Three months after the date of sale if the proceeds of the sale are sufficient to satisfy the secured indebtedness with interest and costs of action and of sale.
Terms Used In California Code of Civil Procedure 729.030
- Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
- Property: includes both personal and real property. See California Code of Civil Procedure 17
(b) One year after the date of sale if the proceeds of the sale are not sufficient to satisfy the secured indebtedness with interest and costs of action and of sale.
(Added by Stats. 1982, Ch. 497, Sec. 50. Operative July 1, 1983, by Sec. 185 of Ch. 497.)