SB 1079 changed buying foreclosure homes at the courthouse steps!

Are you ready to buy a California foreclosure home at trustee sale? California SB 1079 has changed buying foreclosure homes at the courthouse steps! Even the highest and last bidder at the foreclosure sale can find the foreclosure can be snatched away from investors by “eligible bidders” who have a right of first refusal for up to 45 days AFTER the trustee sale. We cover this and more on SB 1079:

✔️ Which properties are eligible for SB 1079❓
✔️ Who are “eligible bidders” that have a 45 day first right of refusal according to SB 1079❓
✔️ How does the process work after the trustee sale for eligible bidders❓
✔️What are the risks in buying at trustee sale, including for eligible bidders❓
✔️ What are some of the other regulations written into SB1079❓

? Want help with SB 1079, foreclosures or trustee sale, rely on our experience and expertise ? contact us

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Links we discuss in the video:

? Text of SB 1079 ? 

? Great summary of SB 1079 by attorneys at Geraci Law Firm ? SB1079

? SB 1079 Legal Toolkit ? SB1079

Equipment that we use for YouTube

  • Camera - Real estate photo
  • Grey card - (amazing investment - sets custom white balance) - table cake
  • Editing rig - a close up of a sign
  • Lights  Real estate photo
  • Lav Mic - Real estate photo

A few real estate books we love!

  • Never Split the Difference: Negotiating As If Your Life Depended On It - Real estate photo
  • What Every Real Estate Investor Needs to Know About Cash Flow... And 36 Other Key Financial Measures, Updated Edition - Real estate photo
  • Every Landlord's Legal Guide - Real estate photo
  • California Tenants' Rights - Real estate photo
  • The Color of Law - Real estate photo
  • The Millionaire Real Estate Agent: It's Not About the Money It's About Being the Best You Can Be - Real estate photo
  • The First Wacky Tale of Sam, Charlie & Leo: The Science Olympiad Competition - Real estate photo

This is not meant to be a solicitation of a property currently under contract. This is not meant to be legal or tax advice, please consult with the appropriate professional. We are licensed to sell real estate in California (if you need help elsewhere, we can help find a good broker, let us know), CalRE # 01804983. Coldwell Banker Realty Owned by a subsidiary of Realogy Brokerage Group LLC. CalRE # 00616212.

*This description may contain affiliate links. When you click them, I may receive a small commission at no extra cost to you. As an Amazon Associate I earn from qualifying purchases. I only recommend products and services that I've used or have experience with. All opinions are my own.


#1 By wemack at 6/25/2022 3:16 PM

just to note SB 1079 60 day move in requirement is specifically tolled for whatever time required to evict current occupants, re: SB 2924(m)(e) A prospective owner-occupant shall not be in violation of this section if a legal owner's compliance with the requirements of Section 2924n renders them unable to occupy the property as their primary residence within 60 days of the trustee's deed being recorded.

#2 By Christian Walsh at 6/27/2022 3:12 PM

Thanks for posting! Yes, after shooting this video we were made aware...that's good news.

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