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AB 851 would extend protections for wildfire survivors against unsolicited offers and allow a 4‑month rescission window for home sales
Summary
Assemblymember presented AB 851 to codify Governor Newsom’s executive order banning unsolicited below‑market offers in affected LA ZIP codes and to let sellers within declared disaster ZIP codes rescind residential sales within four months of close of escrow; sponsors said the change would shield survivors from predatory buyers during recovery
Assemblymember McKinner told the committee AB 851 would codify Governor Newsom’s executive order protecting homeowners affected by the January 2025 Eaton and Palisades fires from unsolicited below‑market offers and would extend those emergency protections through January 1, 2027.
The bill would also create a limited four‑month rescission window after close of escrow for sellers of residential properties located within the designated…
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