Statute checked September 15, 2026 (Pacific) · Civil Code §2924f(e)–(f), operative January 1, 2026
A listing agreement can provide additional time only when the property, agreement, delivery and timing requirements are satisfied. Use the current statute and obtain legal advice for your own deadlines.
Two postponements. Two different starting dates.
| Requirement | Listing agreement | Purchase agreement |
|---|---|---|
| Property | Residential property with no more than four dwelling units, subject to a power of sale. | The same property, after a postponement under the listing-agreement provision. |
| Trustee receipt | At least five business days before the scheduled sale. | At least five business days before the rescheduled sale. |
| Additional time | At least 45 days following the scheduled sale date. | A sale date at least 45 days after the trustee receives the agreement. |
| Use limit | Once under this provision. | Once under this provision. |
What the agreements must contain
The listing must be with a California licensed real estate broker for placement on a publicly available marketing platform. The statutory five-business-day requirement also applies to that placement. Keep proof of both marketing and timely trustee receipt.
The purchase contract must be genuine, fully signed and for a price at least equal to the unpaid balance of all recorded obligations secured by the property. It must identify the buyer, price and agreed closing date, and include acceptance by the designated escrow agent. A lower-price short sale does not meet that price condition simply because a lender is considering it.
Delivery is a receipt requirement
Section 2924f(e) specifies certified USPS mail or another overnight mail courier service with tracking confirming the recipient’s signature and the date and time of receipt and delivery. Posting a document, sending an email, or obtaining a shipping receipt alone is not proof that these requirements have been met.
Confirm the trustee’s receiving address and instructions for your file. Keep the signed agreement, tracking record, delivery evidence and written confirmation of the new sale date. Do not mail agreements to California Notice Guide.
The 67% rule concerns first-lien sales
For residential property with no more than four units being sold under a first-lien deed of trust or mortgage, the beneficiary, lender or authorized agent must give the trustee a fair-market-value estimate at least ten days before the initially scheduled sale. The first sale at which bidding can occur has a minimum price of 67% of that estimate.
The estimate must have been made within six months of the initially scheduled sale, using a statutory valuation method. The trustee may rely on it without independently verifying it. If the property remains unsold, the sale is postponed at least seven days and may then go to the highest bidder. This is not a promise that the owner receives 67% of the property’s value or equity. Section 2924f(f)(4) also says a violation of the valuation paragraph does not invalidate the sale.
Real-estate decisions still require separate numbers
Compare likely market value with current payoff figures, recorded liens, closing costs, condition, title issues and realistic closing time. The statute does not establish that selling is the right choice, guarantee a buyer, or provide a free extension of every contractual deadline.
Current primary sources
AB 2424 introduced these provisions in 2025; the current 2026 text includes later amendments. This is a reading aid, not a legal opinion about a particular foreclosure.