Bay Area Marketing & Negotiation Expert | Certified Global Relocation Specialist | REALTOR | Media Production & Host | Certified Housing & Credit Counselor for HUD
Under the new AB 2424 law, homeowners facing foreclosure now have a 45-day extension opportunity to sell their property if they list it for sale. This can be an important step in avoiding foreclosure, and seeking legal guidance can help ensure all requirements are met. To qualify for the 45-day extension: 1. You must have a signed listing agreement with a licensed California real estate broker. 2. The listing must be on a publicly available marketing platform. 3. The executed listing agreement must be sent via certified mail or other tracked overnight mail services, with confirmation of the recipient’s signature and the date and time of receipt. 4. The trustee must receive the listing agreement at least five business days before the scheduled foreclosure sale date. Remember, this extension can only be used once. Reach out to legal aid for support in navigating these requirements and ensuring your rights are protected.
