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Replaces everything after the enacting clause with provisions that amend the Code of Civil Procedure. Provides that if any judicial sale is held without complying with the requirements established for the service of a notice of a foreclosure judicial sale, any party entitled to the notice of sale who was not so notified may, by motion supported by affidavit made prior to the confirmation of such sale, ask the court which entered the judgment to set aside the sale (instead of set aside the sale, provided that such party shall guarantee or secure by bond a bid equal to the successful bid at the prior sale). Provides that any such party shall guarantee or secure by bond a bid equal to the successful bid at the prior sale, unless the party seeking to set aside the sale is the mortgagor, the real estate sold at the sale is residential real estate, and the mortgagor occupies the residential real estate at the time the motion is filed. In that event, no guarantee or bond shall be required of the mortgagor. Effective immediately.
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