ON JULY 8, 2008, CALIFORNIA GOVERNOR ARNOLD SCHWARZENEGGER SIGNED SENATE BILL 1137, ENACTING NEW
PROVISIONS OF THE CALIFORNIA CIVIL CODE AND CODE OF CIVIL PROCEDURE, AND AMENDING EXISTING
PROVISIONS,RELATED TO THE SERVICING AND FORECLOSURE OF RESIDENTIAL REAL PROPERTY LOANS AND THE
MANAGEMENT AND EVICTIONS OF REO PROPERTIES.

BEFORE YOU CAN FORECLOSE YOU MUST COMPLY WITH THE NEW LAW!!

YOU CAN SEE THE FULL TEXT OF THE NEW LAW AT THE LINK BELOW:
NEW REQUIREMENTS SENATE BILL 1137
NEW LAW REQUIRES A NOD MUST INCLUDE A DECLARATION FOR NOTICE OF DEFAULT THAT STATES THE BORROWER HAS
BEEN CONTACTED OR DUE DILIGENCE HAS BEEN USE TO TRY TO CONTACT THE BORROWER OR THAT THE BORROWER HAS
SURRENDER THE PROPERTY.

ALSO NEW LAW REQUIRES A DECLARATION FOR NOTICE OF SALE BE INCLUDED AS PART OF THE NOTICE OF SALE IF A
NOD WAS FILED PRIOR TO THE EFFECTIVE DATE OF THE NEW LAW. THE DECLARATION MUST STATE THE BORROWER EITHER
WAS CONTACTED TO ASSESS THEIR FINANCIAL SITUATION AND EXPLORE OPTIONS TO AVOID FORECLOSURE OR THAT NO
CONTACT OCCURRED; IN WHICH CASE THE EFFORTS MADE TO CONTACT THE BORROWER MUST BE LISTED.

FOR YOUR CONVENIENCE YOU CAN DOWNLOAD DECLARATION FOR NOTICE OF DEFAULT AND DECLARATION FOR NOTICE OF
SALE IN OUR FORMS SECTION>
NEW CALIFORNIA FORECLOSURE LAW
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