2019 Regular Session
|At the request of:|
|Bill Title:||Relating to rights of redemption.|
Requires person who purchases residential real property after foreclosure complaint has been filed and before end of redemption period to provide notice to seller regarding relinquishment of interests in property and rights to surplus funds.
Requires sheriff, before conducting execution sale of real property, to provide on website certain notice to debtor regarding offers to sell rights to surplus funds. Requires complaint in suit to foreclose residential trust deed to include notice to lien debtor regarding sales of redemption rights. Prohibits transferring right to redeem property to successor in interest by sale.].
|Chapter Number:||Chapter 309|
|Fiscal Impact:||Has Minimal Fiscal Impact|
|Revenue Impact:||No Revenue Impact|
|Measure Analysis:||Staff Measure Summary / Impact Statements|
|Current Location:||Chapter Number Assigned|
|Potential Conflicts of Interest/Vote Explanations:||Potential Conflicts of Interest/Vote Explanation Documents|