(a) An equity purchaser is liable for all damages resulting from any statement made or act committed by the equity purchaserâs representative in any manner connected with the equity purchaserâs acquisition of a residence in foreclosure, receipt of any consideration or property from or on behalf of the equity seller, or the performance of any act prohibited by this chapter. (b) âRepresentativeâ for the purposes of this section means a person who in any manner solicits, induces, or causes any property owner to transfer title or solicits any member of the property ownerâs family or household to induce or cause any property owner to transfer title to the residence in foreclosure to the equity purchaser.
‹ Prev All California sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.