answersLogoWhite

0


Best Answer

Pursuant to California Civil Code 2924l:

2924l. (a) In the event that a trustee under a deed of trust is

named in an action or proceeding in which that deed of trust is the

subject, and in the event that the trustee maintains a reasonable

belief that it has been named in the action or proceeding solely in

its capacity as trustee, and not arising out of any wrongful acts or

omissions on its part in the performance of its duties as trustee,

then, at any time, the trustee may file a declaration of nonmonetary

status. The declaration shall be served on the parties in the manner

set forth in Chapter 5 (commencing with Section 1010) of Title 14 of

the Code of Civil Procedure.

[there is more under the Code...]

http://www.leginfo.ca.gov

User Avatar

Wiki User

12y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What is a declaration of non-monetary status by foreclosure trustee?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about Finance

What is first preforeclosure or foreclosure?

Pre-Foreclosure is a term the banks use internally to track the property's status. Essentially, what it means is that the home has already gone into default and a Notice of Default has been recorded. Pre-foreclosure is the time between the NOD filing and the Filing of the Notice of Trustee Sale.


An example of identity foreclosure status?

this identity status represent a low degree of exploration, but a high degree of commitment. at this identity status the adolescence are not questioning, but simply accept it.


Can your work find out about your foreclosure?

Your work can find out about your foreclosure in some of the following ways:They check your credit report for some reason and see your mortgage loan is in a state of foreclosure.They pull public records on the piece of real estate that you own and find the foreclosure lawsuit or lis pendens.They do a background check on you and the foreclosure litigation shows up.Your house is listed for auction in the paper and your coworkers or boss reads about it.One quick way to check the status on a foreclosure is to call the attorney hired by the bank to get a status on the foreclosure sale. You should have received a foreclosure notice which lists the attorney who is hired by the bank to handle the foreclosure proceedings. I would call them.


What are the advantages of two properties under one mortgage?

There may be more advantages having two mortgages. That way, if your economic status changes and you can no longer afford it all, you could keep one property and let the lender foreclose of the other. If both are on the same mortgage you would lose them both in a foreclosure. You should consult with your attorney.There may be more advantages having two mortgages. That way, if your economic status changes and you can no longer afford it all, you could keep one property and let the lender foreclose of the other. If both are on the same mortgage you would lose them both in a foreclosure. You should consult with your attorney.There may be more advantages having two mortgages. That way, if your economic status changes and you can no longer afford it all, you could keep one property and let the lender foreclose of the other. If both are on the same mortgage you would lose them both in a foreclosure. You should consult with your attorney.There may be more advantages having two mortgages. That way, if your economic status changes and you can no longer afford it all, you could keep one property and let the lender foreclose of the other. If both are on the same mortgage you would lose them both in a foreclosure. You should consult with your attorney.


You were the grantee in a deed of trust. The original owner has died. Are you now the owner of property?

You need to review the terms of the trust. If your name is on a deed of trust then you must be the trustee. You need to review the terms of the trust to determine the status of the property now that the trustor has died. You should consult with an attorney who can review the land records to determine the status of the title. If the title is not clear you cannot sell or mortgage the property.

Related questions

What is first preforeclosure or foreclosure?

Pre-Foreclosure is a term the banks use internally to track the property's status. Essentially, what it means is that the home has already gone into default and a Notice of Default has been recorded. Pre-foreclosure is the time between the NOD filing and the Filing of the Notice of Trustee Sale.


Does foreclosure affect us immigration status?

No, foreclosure doesn't affect immigration status. Now, if you commit crimes, then you may jeopardize your potential to become a citizen.


What classification of the James marcias identity status is Jean in?

identity foreclosure


How can you find out the status of a chapter 7 bankruptcy?

Contact the trustee who is in charge of the case.


An example of identity foreclosure status?

this identity status represent a low degree of exploration, but a high degree of commitment. at this identity status the adolescence are not questioning, but simply accept it.


How does the declaration?

announcing America's new status


If your home is in foreclosure status can a lien be placed for a unsecured debt?

YES. Condo Fees


Can your work find out about your foreclosure?

Your work can find out about your foreclosure in some of the following ways:They check your credit report for some reason and see your mortgage loan is in a state of foreclosure.They pull public records on the piece of real estate that you own and find the foreclosure lawsuit or lis pendens.They do a background check on you and the foreclosure litigation shows up.Your house is listed for auction in the paper and your coworkers or boss reads about it.One quick way to check the status on a foreclosure is to call the attorney hired by the bank to get a status on the foreclosure sale. You should have received a foreclosure notice which lists the attorney who is hired by the bank to handle the foreclosure proceedings. I would call them.


How does the Declaration end?

announcing America's new status


I am my mother's legal trustee due to alzheimers I am filing BK will this affect my trustee status?

Question is unclear. Who are you filing bankruptcy for, her, or you? If for her, it should not affect you, personally or financially, in any way. If you are filing bankruptcy for yourself, your status as the trustee of, and your availability to, someone else's assets may come under close scrutiny by the bankruptcy court and your creditors. It they suspect, or can prove, any co-mingling of your assets with that of your mother's, REAL problems could ensue.


Can you get a restraining order for a neighbor who is giving my tenant misinformation about the status of my mortgage prompting him to want to break the lease for fear of foreclosure?

I just need an answer.


How was the Declaration of Independence a liberal document?

The Declaration of Independence was a liberal document because it sought to change the status quo. The colonists were finally sick of being under the king's thumb.