California Code of Civil Procedure

§ 729.010

CCP § 729.010Title 10 · Part 2 · Ch. 1

Statute text

(a)If the decree of foreclosure of a mortgage or deed of trust on real property pursuant to Section 726 determines that a deficiency judgment may be ordered against the defendant, the real property (other than a leasehold estate with an unexpired term of less than two years at the time of levy) shall be sold subject to the right of redemption.

(b)If the property is to be sold subject to the right of redemption, the sale is governed by Section 716.020, except that:

(1)The notice of sale of the property shall state that the property will be sold subject to the right of redemption and shall state the amount of the secured indebtedness with interest and costs.

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Legislative history

Added by Stats. 1982, Ch. 497, Sec. 48. Operative July 1, 1983, by Sec. 185 of Ch. 497.