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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] CA Foreclosure Laws Posted by Stuart on September 14, 2003 at 8:57 AM Hi, Has anyone had experience in buying houses in foreclosure in California? In reading the CA civil codes it appears that only a licensed real estate agent either for himself/herself or acting for a client can purchase a property in forecloseure if there is equity in the property. The rules also state that the agent must have a bond at least 200% of the property's value. The legal department of the CA DRE states that no one issues these bonds. Any thoughts? Follow Ups: No problems Ward-CA- 2:30 PM, 09/14/03 (2) Re: No problems Stuart 4:24 PM, 09/14/03 (1) §1695 exemptions. Ward-CA- 10:41 AM, 09/20/03 (0) Post a Followup: Name : E-Mail : Subject : Comments: : Hi, : Has anyone had experience in buying houses in foreclosure in California? In reading the CA civil codes it appears that only a licensed real estate agent either for himself/herself or acting for a client can purchase a property in forecloseure if there is equity in the property. The rules also state that the agent must have a bond at least 200% of the property's value. The legal department of the CA DRE states that no one issues these bonds. Any thoughts? : Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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