California homeowners facing foreclosure now have a powerful new legal tool at their disposal. On January 1, 2025, AB 2424 went into effect and established a significant set of new foreclosure notification and auction sale requirements for mortgage lenders. Thanks to the passage of AB 2424, Lawyers Realty Group can now use Section 2924f(e) of the California Civil Code to stop foreclosures! This new law guarantees a foreclosure postponement at no cost – but there's a catch – you need the right professional representation to take full advantage of these protections.
What is AB 2424 and How Does It Help Homeowners?
Assembly Bill (“AB”) 2424 was a bill that included a number of changes and additions to California law dealing with foreclosures. As part of the new protections, AB 2424 established Section 2924f(e) of the California Civil Code. This new law ensures that homeowners at risk of foreclosure can secure a postponement of their foreclosure if they meet very specific requirements for the listing and sale of their home. However, the process is highly technical and involves precise legal notices with strict timing and procedures. While this law provides crucial protection, it also requires an experienced legal professional to navigate its complexities.
Why You Need an Attorney/Realtor
Under Civil Code Section 2924f(e) you only get one shot at the foreclosure postponement. That’s why it’s critical to work with an Attorney/Realtor, not just a traditional real estate agent. Traditional real estate agents are prohibited by law from offering the necessary legal counsel and representation needed to secure the protection of the new law.
In fact, under this new law, foreclosure trustees will not accept 2924f(e) submissions from a real estate agent. You must have an Attorney/Realtor handle the notification and submission to get full protection. The best part is that it costs nothing to secure this postponement through an Attorney/Realtor at Lawyers Realty Group.
The Benefits of an Attorney/Realtor
As an Attorney/Realtor, I offer unparalleled protection for homeowners by offering unique advantages in the foreclosure postponement process.
- Legal Expertise at No Additional Cost: I draft legal notices and custom contracts tailored to your particular situation — something traditional real estate agents simply cannot do.
- Comprehensive Review of All Your Options: I help you explore every possibility, including options beyond selling your property, so you can make the best decision for your future.
- Full Legal Protection: I offer direct legal representation, ensuring that your legal rights are fully protected and enforced throughout the foreclosure process.
Why You Shouldn’t Risk Working with a Traditional Real Estate Agent
Traditional real estate agents are prohibited by law from offering legal advice or negotiating complex foreclosure-related notices and contracts (such as the 2924f(e) notifications). That means you might be left vulnerable to unfair lender or trustee tactics or miss out on important opportunities and deadlines to postpone your foreclosure or challenge improper foreclosure practices.
With the right legal guidance, you can:
- Properly utilize the new postponement options under Section 2924f(e)
- Challenge unfair pre-foreclosure tactics and demand fair market value for your home
- Ensure that your legal rights are upheld throughout the entire process
Protect your home. Protect your rights. Choose an Attorney/Realtor.
For those homeowners with significant equity in their home while facing foreclosure, an Attorney/Realtor has the legal expertise to postpone or cancel the foreclosure auction while simultaneously fast-tracking the listing and sale of the property for the highest and best price.
In a situation where you owe more on the home than it is worth, working with an Attorney/Realtor can help you navigate the complex short sale process to avoid all mortgage liability while negotiating relocation money to help you achieve a fresh start.
Don’t let anyone pressure you into listing or selling your home without talking to an attorney first and never let anyone pressure you into signing ANYTHING you don’t understand or that you can’t afford. Speak with an attorney immediately before you sign anything. There is no charge to speak with an Attorney/Realtor today at (949) 264-0966
Time is of the essence when it comes to securing a foreclosure postponement under Section 2924f(e). Don’t risk making a mistake that could result in losing your home. Choose the peace of mind that comes with having a professional who combines legal expertise with real estate knowledge to guide you through the process.
Contact me today for a free consultation, and let's explore all the options available to you under AB 2424 and Section 2924f(e). I am committed to protecting your home and ensuring that your rights are fully safeguarded.
Call now to schedule your free consultation: (949) 264-0966
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