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California PREMIER FORECLOSURE Realtors
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Statewide Foreclosure Services
AB 2424 Explained
California's AB 2424 is a significant 2024 law enhancing homeowner protections in non-judicial foreclosures, effective January 1, 2025, requiring lenders to provide better foreclosure alternative info (loan mods, etc.) and delaying sales for a period if borrowers request foreclosure prevention options within specific timeframes before a sale.
Enhanced Borrower Information
Lenders must offer clear details on foreclosure alternatives like loan modifications, forbearances, and short sales.
Foreclosure Sale Delay
If a trustee receives a borrower’s request for foreclosure prevention options at least five business days before a scheduled sale, the sale must be postponed for 45 days to allow for review.
Protects Homeowners
It modifies California’s non-judicial foreclosure process, making it more borrower-friendly.
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Supporting homeowners to regain stability and maximize equity through tailored relief plans.
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Immediate Relief Options
Act quickly — contact us now for immediate options to protect your home.