# Real Estate Exam [California] 34, Probate, Foreclosure, and Court-Supervised Transfers

Page: https://stenobird.com/podcast/real-estate-exam-prep-7644240/real-estate-exam-california-34-probate-foreclosure-and-court-supervised-transfers
Text version: https://stenobird.com/podcast/real-estate-exam-prep-7644240/real-estate-exam-california-34-probate-foreclosure-and-court-supervised-transfers.md
Podcast: [Real Estate Exam Prep](https://stenobird.com/podcast/real-estate-exam-prep-7644240)
Published: 2026-07-08T00:21:14+00:00
Episode link: https://open-exam-prep.com/
Audio file: https://episodes.captivate.fm/episode/717e76a4-cb8b-4d21-baa4-33470c0eb9d2.mp3
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Duration seconds: 205

## Resource

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: - How to calculate the minimum overbid in a California probate sale using the statutory formula. - The critical difference between the right of reinstatement and the right of redemption in a nonjudicial foreclosure. - The specific timeline for a California trustee sale, including the 90-day period after a Notice of Default and the 21-day period after a Notice of Sale. - Why there is no statutory right of redemption for the borrower after a nonjudicial trustee's sale in California. - The definition of REO (Real Estate Owned) property and how it is created when a property fails to sell at a foreclosure auction. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep

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## Transcript

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