California Code of Civil Procedure 729.040 – (a) Notwithstanding Section 701.660, when the purchaser of an …
(a) Notwithstanding Section 701.660, when the purchaser of an interest in real property sold subject to the right of redemption pays the amount due, the levying officer conducting the sale shall execute and deliver a certificate of sale to the purchaser and record a duplicate of the certificate of sale in the office of the county recorder.
(b) The certificate of sale shall contain either:
Terms Used In California Code of Civil Procedure 729.040
- County: includes "city and county. See California Code of Civil Procedure 17
- 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
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
(1) In the case of a judicial foreclosure, the information required by Section 701.670.
(2) In the case of a nonjudicial foreclosure, all of the information required by subdivisions (c), (d), and (e) of Section 701.670.
(c) In addition to the information required by subdivision (b), the certificate of sale shall also contain the following:
(1) The price paid for each distinct lot or parcel of real property sold subject to the right of redemption.
(2) The total price paid.
(3) A statement that the property is subject to the right of redemption, indicating the applicable redemption period.
(Amended by Stats. 2006, Ch. 575, Sec. 6. Effective January 1, 2007.)