California Public Resources Code 8561 – This chapter does not apply to the sale of real property acquired by …
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This chapter does not apply to the sale of real property acquired by a federal agency through a foreclosure proceeding.
(Added by Stats. 2017, Ch. 535, Sec. 4. (SB 50) Effective January 1, 2018.)
Terms Used In California Public Resources Code 8561
- 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
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.