October 25, 2016
Calif. Civil Code §2924c
Amended by S.B. 983
Effective date: January 1, 2017
For nonjudicial foreclosures which are resolved (e.g., reinstatement, foreclosure alternative, etc.) after the notice of default (NOD) is recorded, but before posting the notice of trustee’s sale (NOTS), the maximum base trustee’s fee has been increased to:
- $350 from $300 for foreclosure of a debt of $150,000 or less; and
- $300 from $250 for foreclosure of a debt of more than $150,000.
For nonjudicial foreclosures which are resolved after posting the NOTS, but before the trustee’s sale, the maximum base trustee’s fee has been increased to:
- $475 from $425 for foreclosure of a debt of $150,000 or less; and
- $410 from $360 for foreclosure of a debt of more than $150,000.
Editor’s note — The maximum base fee is in addition to the percentage fees based on the outstanding principal. The percentage fee amounts and thresholds were unchanged.
Nancy Duffy McCarron, CBN 164780
Attorney, Real Estate Broker, BBB Arbitrator, CA Notary Public
Certified Forensic Loan Auditor, Property Manager
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