CaliforniaMortgages: foreclosure.
What it does
Existing law provides that a trustee's sale of property under a power of sale contained in a deed of trust or mortgage on real property containing one to 4 residential units is not final until the earliest of various time periods. Existing law provides specified eligible bidders, defined to include eligible tenant buyers, prospective owner-occupants, and eligible nonprofit corporations with certain attributes, various rights in connection with those sales, and sets forth procedures for eligible bidders to submit bids after those sales. Existing law authorizes the Attorney General, a county counsel, a city attorney, or a district attorney to bring an action to enforce these provisions as specified.
More detail
This bill would instead provide that a trustee's sale of eligible property, as defined, is not final until the earliest of various time periods. The bill would change the term "eligible tenant buyer" to "eligible tenant bidder," and would redefine the term "eligible bidder" to remove prospective owner-occupants and to mean an eligible tenant bidder or an eligible community bidder, as defined. The bill would add an additional attribute to the eligible nonprofit corporations portion of "eligible community bidder." The bill would authorize the persons described above to seek a civil penalty to enforce these provisions, as specified. The bill would make conforming changes.
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Where it stands
- Introduced
- Passed Assembly
- Passed Senate
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Sep 18Chaptered by Secretary of State - Chapter 279, Statutes of 2026.Latest
- Sep 18Approved by the Governor Gavin Newsom.Became Law
- Aug 25Enrolled and presented to the Governor at 4 p.m.To Governor
- Aug 19Senate amendments concurred in. To Engrossing and Enrolling. (Ayes 62. Noes 0. Page 6249.).Major
- Vote recorded AB 1957 Pacheco Concurrence in Senate Amendments. Result: pass.Lower
- Aug 17In Assembly. Concurrence in Senate amendments pending.
- Vote recorded 3rd Reading AB1957 Pacheco By Umberg. Result: pass.Upper
- Aug 17Read third time. Passed. Ordered to the Assembly. (Ayes 39. Noes 0. Page 5496.).Passed Senate
- Aug 4Read second time. Ordered to third reading.Minor
- Aug 3From committee: Be ordered to second reading pursuant to Senate Rule 28.8.Minor
- Aug 3From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on APPR.Major
- Jul 7Read second time and amended. Re-referred to Com. on APPR.Major
- Jul 7From committee: Amend, and do pass as amended and re-refer to Com. on APPR. (Ayes 13. Noes 0.) (June 30).Major
- Jun 30
- Vote recorded Do pass as amended, but first amend, and re-refer to the Committee on [Appropriations]. Result: pass.Upper
- Jun 3Referred to Com. on JUD.Minor
- May 27In Senate. Read first time. To Com. on RLS. for assignment.Minor
- May 26Read third time. Passed. Ordered to the Senate. (Ayes 70. Noes 1. Page 5290.)Passed Assembly
- Vote recorded AB 1957 Pacheco Assembly Third Reading. Result: pass.Lower
- May 7Read third time and amended. Ordered to third reading. (Page 4973.)Major
- May 7Read second time. Ordered to third reading.Minor
- May 6From committee: Do pass. (Ayes 14. Noes 0.) (May 6).Minor
- Vote recorded Do pass. Result: pass.Lower
- Apr 22In committee: Hearing postponed by committee.
- Apr 8From committee: Do pass and re-refer to Com. on APPR. (Ayes 12. Noes 0.) (April 7). Re-referred to Com. on APPR.Minor
- Apr 7
- Vote recorded Do pass and be re-referred to the Committee on [Appropriations]. Result: pass.Lower
- Apr 6Re-referred to Com. on JUD.Minor
- Mar 27From committee chair, with author's amendments: Amend, and re-refer to Com. on JUD. Read second time and amended.Major
- Mar 16In committee: Hearing postponed by committee.
- Mar 2Referred to Com. on JUD.Minor
- Feb 14From printer. May be heard in committee March 16.
- Feb 13Read first time. To print.Introduced