Paramount · Foreclosure & auctions

Foreclosure and auctions in Paramount

Paramount requires the beneficiary or trustee to register property in foreclosure, with security steps that grow with the length of vacancy. Foreclosure timing and sale rules come from state law.

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Key points

Registration: City rule: a beneficiary or trustee registers within 10 calendar days of the inspection that finds the property abandoned or vacant.
Fees: City rule: an initial registration fee and an annual monitoring fee, set by City Council resolution; a new responsible party pays a re-registration fee.
Local manager: City rule: the registration form names a local property management service provider; a sign shows the manager's name and a 24-hour phone number.
30 days vacant: City rule: after 30 consecutive calendar days of vacancy, board and secure openings, inspect each calendar week, and submit a Vacant Property Mitigation Plan.
90 days vacant: City rule: after 90 consecutive calendar days of vacancy, install fencing; 48 inches high on undeveloped property beside a public right-of-way.
State timeline: State law: at least 3 months from notice of default to notice of sale, which is posted at least 20 days before the sale.

Each rule below is marked Paramount code or CA state law and links to the section it comes from (checked October 2026). General information, not legal advice.

Registering vacant and foreclosed homes

Paramount code What Paramount's code adds
Local contact	The registration form must name a local property management service provider responsible for security and maintenance. Applies: Applies to a beneficiary or trustee holding a deed of trust on property subject to registration. § 8.37.070 · code text The name, street address, telephone number, and email address of a local property management service provider responsible for the security and maintenance of the real property Post the property manager's name and 24-hour phone number on a sign at least 8-1/2 by 11 inches. Applies: Applies to property subject to registration. The font must be legible from 20 feet. § 8.37.100 · code text The posting shall be 8-1/2" x 11" or larger in size, shall be of a font that is legible from a distance of 20 feet
Upkeep duties	Submit a Letter of Agency. Install and maintain No Trespassing signs on vacant lots. Provide a responsible maintenance and security contact. Drain, fill or properly cover pools, jacuzzis, spas and fountains. Applies: Applies to property or a structure vacant for at least 15 consecutive calendar days. The signs are 4 feet by 4 feet. § 8.37.030 · code text For vacant lots, install signs that are four feet by four feet in size with "No Trespassing" written in prominent letters Submit a Vacant Property Mitigation Plan. Inspect at least once each calendar week and submit the results in writing within 48 hours. Remove furniture and personal property. Applies: Applies to property or a structure vacant for at least 30 consecutive calendar days. § 8.37.030 · code text Such inspections shall be conducted, at a minimum, once each calendar week, and the results of the inspections shall be documented and submitted in writing to the Planning and Building Department within 48 hours of each inspection. Keep the property closed, locked and secured against unauthorized access or entry. Applies: Applies to any vacant property, building, structure or tenant space. § 8.37.040 · code text Every responsible party of any real property, building, structure, and/or tenant space that is vacant shall maintain said property, building, and/or structure, or portion thereof, closed, locked, and secured in such a manner that prevents unauthorized access and/or entry. Install fencing after 90 consecutive calendar days of vacancy. Keep it self-supporting, view-obscuring, safe, aesthetically pleasing, and free of deterioration, graffiti, posters and similar markings. Applies: Applies to property vacant for 90 consecutive calendar days. § 8.37.040 · code text Responsible parties shall install fencing around any real property that has been vacant for 90 consecutive calendar days in adherence to the standards set forth in this section. Fencing must be 48 inches high next to a street, sidewalk, alley or other public right-of-way. Applies: Applies to undeveloped vacant properties. § 8.37.040 · code text Fencing shall be 48 inches high on or around any portion of the real property that abuts or is adjacent to a street, sidewalk, alley, or other public right-of-way. Fences must be at least 6 feet high beside a street, sidewalk, alley, other public right-of-way or another vacant property. Fencing over 7 feet needs plans, permits and inspections. Applies: Applies to developed vacant properties. § 8.37.040 · code text Fencing shall be six feet high at minimum on or around any portion of the real property that abuts or is adjacent to a street, sidewalk, alley, or other public right-of-way, or that abuts any developed or undeveloped vacant property. After 30 consecutive calendar days of vacancy, board and secure all doors, windows, vents, crawl spaces and other openings. Use approved materials and exterior-grade screws or round-head plated carriage bolts, not nails. Applies: Applies to buildings and structures vacant for 30 consecutive calendar days. § 8.37.040 · code text All doors, windows, vents, crawl spaces, and other openings to buildings and structures that have been vacant for 30 consecutive calendar days shall be boarded in adherence to the standards set forth in this section.
Deadline to register	Within 10 calendar days of the inspection. Applies: Applies to a beneficiary or trustee who inspects within 10 days of a recorded Notice of Default and finds the property abandoned or vacant. § 8.37.070 · code text If the real property is found to be abandoned or shows evidence of vacancy (as these terms are defined by this chapter), the beneficiary and trustee shall register the real property with the City, on City-approved forms, within 10 calendar days of the inspection Within 10 calendar days of the inspection showing the vacancy. Applies: Applies to a beneficiary or trustee when property is undeveloped, or becomes vacant, after a foreclosure transfer to the beneficiary or a deed in lieu. § 8.37.070 · code text Registration shall be filed on City-approved forms within 10 calendar days of the inspection demonstrating the vacancy or the evidence of vacancy. Within 10 calendar days of the transfer. Applies: Applies to a new responsible party re-registering after title to a registered abandoned or vacant property transfers. § 8.37.070 · code text the new responsible party shall re-register the real property with the City on City-approved forms within 10 calendar days of the transfer.
Registration fee	An initial registration fee and an annual monitoring fee, set by City Council resolution. Applies: Applies to a beneficiary or trustee holding a deed of trust on property in foreclosure. § 8.37.070 · code text shall pay an initial registration fee and annual monitoring fee as set by resolution of the City Council. A re-registration fee, set by Council resolution. Applies: Applies to a new responsible party re-registering after title to a registered abandoned or vacant property transfers. § 8.37.070 · code text A re-registration fee as set by Council resolution shall accompany the re-registration form.
Registration	Required. Applies: Applies to property in foreclosure where a beneficiary or trustee holds or has an interest in a deed of trust. § 8.37.070 · code text Any beneficiary or trustee who holds, or has an interest in, a deed of trust on a property in foreclosure (as these terms are defined by this chapter), located within the City of Paramount shall register the real property with the City on City-approved forms Required. Applies: Applies to a beneficiary or trustee who inspects within 10 days of a recorded Notice of Default and finds the property abandoned or vacant. § 8.37.070 · code text If the real property is found to be abandoned or shows evidence of vacancy (as these terms are defined by this chapter), the beneficiary and trustee shall register the real property with the City Required. Applies: Applies to property transferred to the beneficiary after foreclosure, or under a deed in lieu of foreclosure or sale. § 8.37.070 · code text The registration requirement described in this section shall also apply to property that has been the subject of a foreclosure sale where the title was transferred to the beneficiary of a deed of trust involved in the foreclosure and any properties transferred under a deed in lieu of foreclosure and/or sale. Required. Applies: Applies to property that is undeveloped, or becomes vacant or shows vacancy signs, after foreclosure or a deed in lieu transfer. § 8.37.070 · code text The beneficiary and trustee shall register with the City any real property which is currently undeveloped or becomes vacant or shows evidence of vacancy after a foreclosure where the title was transferred to the beneficiary of a deed of trust involved in the foreclosure and any property which becomes vacant or shows evidence of vacancy after being transferred under a deed in lieu of foreclosure/sale.

Foreclosure steps and deadlines

CA state law California law sets this statewide. Time between notice of default and sale: At least three months after the notice of default is recorded before notice of sale; the sale itself no earlier than three months and 20 days after the notice of default (Civ. Code § 2924(a)(2), (a)(4)). Notice of trustee's sale: Posted, published and recorded at least 20 days before the sale (Civ. Code § 2924f(b)). California foreclosure rules — the full state rule →

Homeowner protections

CA state law California law sets this statewide. No foreclosure while a loan modification is pending: If a complete first-lien modification application is submitted at least five business days before a sale, the servicer may not record a notice of default or sale, or hold the sale, while it is pending (Civ. Code § 2923.6(c)). California foreclosure rules — the full state rule →

The trustee's sale (auction)

CA state law California law sets this statewide. When and where sales are held: At public auction in the county where the property is, between 9 a.m. and 5 p.m. on a business day (Civ. Code § 2924g(a)(1)). Tenant and owner-occupant priority after a sale (SB 1079): On 1–4 unit property, a trustee's sale is not final for 15 days; eligible tenant buyers and eligible bidders who give notice of intent may bid within 45 days (Civ. Code § 2924m(c)). California foreclosure rules — the full state rule →

Tenants in a foreclosed home

CA state law California law sets this statewide. Tenants in a foreclosed property: A month-to-month tenant must get at least 90 days' written notice to quit; a tenant with a fixed-term lease signed before the sale may stay to the end of the lease (Code Civ. Proc. § 1161b(a), (b)). California foreclosure rules — the full state rule →

Debt after the sale

CA state law California law sets this statewide. No deficiency after a trustee's sale: After a nonjudicial trustee's sale, the lender cannot collect any shortfall from the borrower (Code Civ. Proc. § 580d(a)). California foreclosure rules — the full state rule →

Who this affects

Homeowners behind on a loanBuyers of bank-owned homesLenders and servicers

Frequently asked questions

Must a lender or owner register a vacant or foreclosed home in Paramount?

City rule: a beneficiary or trustee registers within 10 calendar days of the inspection that finds the property abandoned or vacant. City rule: an initial registration fee and an annual monitoring fee, set by City Council resolution; a new responsible party pays a re-registration fee. City rule: the registration form names a local property management service provider; a sign shows the manager's name and a 24-hour phone number. City rule: after 30 consecutive calendar days of vacancy, board and secure openings, inspect each calendar week, and submit a Vacant Property Mitigation Plan. City rule: after 90 consecutive calendar days of vacancy, install fencing; 48 inches high on undeveloped property beside a public right-of-way.

General information, not legal advice.

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