Civil Code Section 2924

Ca civ code 2924 2017 a every transfer of an interest in property other than in trust made only as a security for the performance of another act is to be deemed a mortgage except when in the case of personal property it is accompanied by actual change of possession in which case it is to be deemed a pledge.

Civil code section 2924. A if a foreclosure prevention alternative is approved in writing prior to the recordation of a notice of default a mortgage servicer mortgagee trustee beneficiary or authorized agent shall not record a notice of default under either of the following circumstances. A every transfer of an interest in property other than in trust made only as a security for the performance of another act is to be deemed a mortgage except when in the case of personal property it is accompanied by actual change of possession in which case it is to be deemed a pledge. If by a mortgage created after july 27 1917 of any estate in real property other than an estate at will or for years less than two or in any transfer in trust made after july 27 1917 of a.

A unless a borrower has previously exhausted the first lien loan modification process offered by or through his or her mortgage servicer described in section 2923 6 within five business days after recording a notice of default pursuant to section 2924 a mortgage servicer that offers one or more foreclosure prevention alternatives shall send a written communication to the borrower that includes all of the following information. G to the extent required by the unclaimed property law a trustee in possession of surplus proceeds not required to be deposited with the court pursuant to subdivision b shall comply with the unclaimed property law chapter 7 commencing with section 1500 of title 10 of part 3 of the code of civil procedure. F a third party encumbrancer shall not be relieved of liability resulting from violations of section 2923 55 2923 6 2923 7 2924 9 2924 10 2924 11 or 2924 17 committed by that third party encumbrancer that occurred prior to the sale of the subject property to the bona fide purchaser.