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CA AB1957
Bill
Status
Introduced
2/13/2026
Primary Sponsor
Blanca Pacheco
Click for details
AI Summary
- Accelerates the repeal date of foreclosure protections for 1-4 unit residential properties from January 1, 2031 to January 1, 2027
- Eliminates the 45-day post-auction window that allows tenants, prospective owner-occupants, and nonprofit housing entities to purchase foreclosed properties before sales to other bidders become final
- Removes the prohibition on trustees bundling multiple properties together for foreclosure sales four years earlier than currently scheduled
- Repeals requirements that nonprofit purchasers of foreclosed properties maintain affordable housing covenants for lower income households
- Makes conforming technical changes to Civil Code Sections 2924d, 2924f, 2924g, 2924h and Health and Safety Code Sections 50612, 50720.2, 50720.6, 50720.8, and 50720.12
Legislative Description
Mortgages: foreclosure.
Last Action
Referred to Com. on JUD.
3/2/2026
Committee Referrals
Judiciary3/2/2026
Full Bill Text
No bill text available