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Foreclosure Forum |
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Requirements of §1695In Reply to: Listing Properties with NOD posted by Rob on April 03, 2004 at 4:21 PM
: Looking for answers, and your views on this: : Where does the realtor, who listed the property, that is on NOD, or T. Sale. Doesn't he/she has to follow the 1695? : These questions that I ask, not too many people can answer, even some of the people teaching foreclosure can't. : Ignorance of the law won't help them, either from losing their license. : Rob ======================= If the agent's buyer is going to move into the home, then they are completely exempt from the requirements of Calif. Civil Code §1695. But if the property is bought for investment purposes, where the buyer has no intention of using the property as their personal residence, then they have to follow the strictures of the code. And you're right, ignorance of the law is no defense. Follow Ups:
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