HB 1338

Abstract

Notices required before sale by trustee.Provides that notice of any proposed sale in execution of a deedof trust shall be given to any personal representative of the deceased'sestate whose appointment is recorded at least 75 days prior to theproposed sale and any heirs of the deceased who are listed on thelist of heirs recorded at least 75 days prior to the proposed sale.Under current law, there is no time frame within which either suchrecordation must have been made. The bill further provides that inevent of a foreclosure arising from a failure to satisfy periodicpayments required by the terms of a deed of trust conveying owner-occupiedresidential real estate, a notice to the owner shall include thedate of the last payment received and the amount received; the totalamount of principal, interest, costs, and fees due in arrears; and the remaining total principal balance due on the instrument.