6-26/840.00 Redemption Procedure

A person who seeks to redeem the property shall deposit the redemption amount with the levying officer during the redemption period.  If the person is a successor in interest of the judgment debtor, at the time of deposit the successor in interest must 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. (CCP 729.060(a))

After reduction by the amount of any rents and profits from the property paid to the purchaser or the value of the use and occupation of the property to the purchaser, the redemption price is the total of the following with interest thereon at the rate of interest on money judgments from the time such amount was paid until the date the deposit is made.

• The purchase price at the sale
• The amount of any assessments of taxes and reasonable amounts for fire insurance, maintenance, upkeep, and repair of improvements on the property
• 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
• 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.  Interest on this amount is computed from the date of the sale