Equitable Redemption: California Legislature Breathes New Life Into an Old Doctrine
-Thursday, December 11, 2014
A revision to the California Enforcement of Judgments Law (EJL) this year resurrected the judicial doctrine of equitable redemption and almost went unnoticed. It is a significant remedy for former real property owners who have lost their properties in execution of judgment sales under the EJL, and the doctrine might even be invoked by borrowers after a judicial foreclosure.