Consumer Protection Law
Consumer Protection Law Questions? Ask a Lawyer Now.
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Unfortunately, if your property has already gone through the foreclosure process and the property has been sold at auction, there may not be much you can do. California has a complicated statutory right of redemption after the foreclosure sale has occurred, which would allow a party whose property has been foreclosed to reclaim that property by making payment in full of the sum of the unpaid loan plus costs one (1) year after foreclosure sale unless the original lender made a full price bid then that period is shortened to three (3) months.
However, there is no statutory right of redemption if a deficiency judgment is waived or prohibited at the time of which effectively negates any possibility of a redemption occurring in the scenario noted above.