The personal representative has the power to accept a deed to property which is subject to a mortgage or deed of trust in lieu of foreclosure of the mortgage or sale under the deed of trust.
Cal. Prob. Code § 10563
Powers Exercisable Without Giving Notice of Proposed Action
Known as the Independent Administration of Estates Act
The act spans §§ 10400–10592 (64 sections).
Enacted by Stats. 1990, Ch. 79.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.