Real Estate Exam [California] 34, Probate, Foreclosure, and Court-Supervised Transfers

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams.

In this episode you will learn:
- How to calculate the minimum overbid in a California probate sale using the statutory formula.
- The critical difference between the right of reinstatement and the right of redemption in a nonjudicial foreclosure.
- The specific timeline for a California trustee sale, including the 90-day period after a Notice of Default and the 21-day period after a Notice of Sale.
- Why there is no statutory right of redemption for the borrower after a nonjudicial trustee's sale in California.
- The definition of REO (Real Estate Owned) property and how it is created when a property fails to sell at a foreclosure auction.

For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep