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2011 Regular Session
At the request of:
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Bill Title: Relating to sales of property subject to foreclosure.
Catchline/Summary: Provides, in sale or judgment of foreclosure proceeding, that if trustee sells property upon which single residential unit that is subject to affordable housing covenant is situated, eligible covenant holder may purchase property from trustee for lesser of total sum of obligations secured by trust deed or mortgage on property or highest bid received for property other than bid from eligible covenant holder.
Chapter Number: Chapter 712
Fiscal Impact: Has Minimal Fiscal Impact
Revenue Impact: No Revenue Impact
Measure Analysis: Staff Measure Summary / Impact Statements
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Potential Conflicts of Interest/Vote Explanations: Potential Conflicts of Interest/Vote Explanation Documents
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