BENEFICIARY DECLARATION OF COMPLIANCE
WITH (OR EXCEPTION FROM) CIVIL CODE §2923.5 (b)
Borrower(s) / Trustor(s):
Beneficiary:
Property Address:
The undersigned beneficiary or authorized agent for the beneficiary hereby declares as follows:
_____ The beneficiary or authorized agent of beneficiary has contacted the borrower and trustor to discuss the borrower’s financial situation and to explore options for the borrower to avoid foreclosure in compliance with California Civil Code Section 2923.5. More than thirty (30) days have elapsed since the borrower was contacted.
_____ The beneficiary or authorized agent of beneficiary has exercised due diligence but was not able to contact the borrower to discuss the borrowers financial situation and to explore options for the borrower to avoid foreclosure as required by California Civil Code 2923.5. More than thirty (30) days have elapsed since these due diligence efforts were completed.
_____ The beneficiary or authorized agent of beneficiary was not required to comply with California Civil Code 2923.5 because:
_____ The real property is not an owner-occupied single family residence.
_____ The loan was not originated between January 1, 2003 and December 31, 2007.
_____ The borrower has surrendered the property as evidenced by either a letter confirming the surrender or delivery of the keys to the property to the trustee, beneficiary or authorized agent.
_____ The borrower has contracted with someone whose primary business is advising people who have decided to leave their homes on how to extend the foreclosure process and avoid loan obligations.
_____ The borrower has filed for bankruptcy, and the proceedings have not yet been finalized.
________________________ _________
Beneficiary’s /Authorized Agent Date
_____________________
Print Name
______________________
Signature
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