Section 5715 - Right of Redemption

(b) A nonjudicial foreclosure by an association to collect upon a debt for delinquent assessments shall be subject to a right of redemption. The redemption period within which the separate interest may be redeemed from a foreclosure sale under this paragraph ends 90 days after the sale. In addition to the requirements of Section 2924f, a notice of sale in connection with an association's foreclosure of a separate interest in a common interest development shall include a statement that the property is being sold subject to the right of redemption created in this section.

Section 1367.4 - Foreclosure of Assessment Liens

(c) (4)    A nonjudicial foreclosure by an association to collect upon a debt for delinquent assessments shall be subject to a right of redemption.  The redemption period within which the separate interest may be redeemed from a foreclosure sale under this paragraph ends 90 days after the sale.  In addition to the requirements of Section 2924f, a notice of sale in connection with an association’s foreclosure of a separate interest in a common interest development shall include a statement that the property is being sold subject to the right of redemption created in this paragraph.

Changes

5715.§1367.4
(b)(c)(4)    A nonjudicial foreclosure by an association to collect upon a debt for delinquent assessments shall be subject to a right of redemption.  The redemption period within which the separate interest may be redeemed from a foreclosure sale under this paragraph ends 90 days after the sale.  In addition to the requirements of Section 2924f, a notice of sale in connection with an association’s foreclosure of a separate interest in a common interest development shall include a statement that the property is being sold subject to the right of redemption created in this paragraphsection.