California Civil Code 2924.1 – (a) Notwithstanding any other law, the transfer, following the …
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(a) Notwithstanding any other law, the transfer, following the sale, of property in a common interest development, as defined by Section 1351, executed under the power of sale contained in any deed of trust or mortgage, shall be recorded within 30 days after the date of sale in the office of the county recorder where the property or a portion of the property is located.
(b) Any failure to comply with the provisions of this section shall not affect the validity of a trustee‘s sale or a sale in favor of a bona fide purchaser.
Terms Used In California Civil Code 2924.1
- Deed: The legal instrument used to transfer title in real property from one person to another.
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- property: includes property real and personal. See California Civil Code 14
- Trustee: A person or institution holding and administering property in trust.
(Added by Stats. 2012, Ch. 255, Sec. 1. (AB 2273) Effective January 1, 2013.)