(a) A person who seeks to redeem the property shall
deposit the redemption price with the levying officer who conducted
the sale before the expiration of the redemption period.  If a
successor in interest to the judgment debtor seeks to redeem the
property, the successor in interest shall, at the time the redemption
price is deposited, file with the levying officer either (1) a
certified copy of a recorded conveyance or (2) a copy of an
assignment or any other evidence of the interest verified by an
affidavit of the successor in interest or of a subscribing witness
thereto.
   (b) The redemption price is the total of the following amounts,
less any offset allowed under subdivision (c).
   (1) The purchase price at the sale.
   (2) The amount of any assessments or taxes and reasonable amounts
for fire insurance, maintenance, upkeep, and repair of improvements
on the property.
   (3) Any amount paid by the purchaser on a prior obligation secured
by the property to the extent that the payment was necessary for the
protection of the purchaser's interest.
   (4) Interest on the amounts described in paragraphs (1), (2), and
(3) at the rate of interest on money judgments from the time such
amount was paid until the date the deposit is made.
   (5) If the purchaser at the sale has any liens subordinate to the
lien under which the property was sold, the amount of the purchaser's
lien, plus interest at the rate of interest on money judgments from
the date of the sale until the date the deposit is made.
   (c) Rents and profits from the property paid to the purchaser or
the value of the use and occupation of the property to the purchaser
may be offset against the amounts described in subdivision (b).

Section: Previous 726.5 727 728 729.010 729.020 729.030 729.035 729.040 729.050 729.060 729.070 729.080 729.090 730 730.5 Next

Last modified: July 31, 2008