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California-Based Owner-Occupant

A natural person who will occupy the property as their primary residence within 60 days of the trustee's deed being recorded.
They will maintain their occupancy for at least one year.
They are not any of the following:
The mortgagor or trustor.
The child, spouse, or parent of the mortgagor or trustor.
The grantor of a living trust that was named in the title to the property when the notice of default was recorded.
An employee, officer, or member of the mortgagor or trustor.
A person with an ownership interest in the mortgagor, unless the mortgagor is a publicly traded company.
They are not acting as the agent of any other person or entity in purchasing the real property.

California-Based Nonprofit

A nonprofit corporation that has a determination letter from the Internal Revenue Service affirming its tax-exempt status pursuant to Section 501(c)(3) of the Internal Revenue Code and is not a private foundation as that term is defined in Section 509 of the Internal Revenue Code.
The nonprofit corporation is based in California.
All of the board members of the nonprofit corporation have their primary residence in California.
The primary activity of the nonprofit corporation is the development and preservation of affordable rental or home ownership housing in California.

California-Based Governmental Entity

The state, a county, city, district, public authority, or public agency, and any other political subdivision or public corporation in the state. Governmental entities must provide a signed statement on their letterhead stating that they are a governmental entity.

California-Based Community Land Trust

A community land trust based in California, as defined in clause (ii) of subparagraph (C) of paragraph (11) of subdivision (a) of Section 402.1 of the California Revenue and Taxation Code.

California-Based Limited Equity Housing Co-Op

A limited equity housing cooperation, as defined in Section 817 of the California Civil Code, that is based in California.

The Regents of the University of California

The Regents of the University of California is the governing board of the University of California, a state university system in the U.S. state of California.

California-based owner-occupant
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Owner-occupant buyers must provide a signed statement that they intend to use the property as their primary residence.

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The nonprofit corporation has a determination letter from the Internal Revenue Service affirming its tax-exempt status pursuant to Section 501(c)(3) of the Internal Revenue Code and is not a private foundation as that term is defined in Section 509 of the Internal Revenue Code.

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The state, a county, city, district, public authority, or public agency, and any other political subdivision or public corporation in the state. Governmental entities must provide a signed statement on their letterhead stating that they are a governmental entity.

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