This bill establishes restrictions related to single-family homes.
This bill:
- defines terms;
- requires a purchaser to sign an affidavit of intent to occupy when buying a single-family home within the first 30 days the single-family home is on the market, unless the seller incurs an exigent circumstance;
- requires that a purchaser record an affidavit of intent to occupy with a county recorder; and
- prohibits the bulk sale of foreclosed single-family homes.