Purchase and Sale Agreement

A document detailing the specific terms and conditions of a transaction. In property transactions, a purchase and sale agreement is developed through a series of negotiations between buyer and seller and may include details regarding: property disclosures, final sale price, down payment and earnest money deposits, terms of financing, closing and occupancy dates, contingencies and timeframes for completion of the offer.

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Frequently Asked Questions
What if the Borrower (Trustor) offers to make a partial payment?

Accepting a partial payment can jeopardize the validity of the foreclosure. You can accept a partial payment and rescind the foreclosure; however, you would need to record a new Notice of Default if they remain in default. You can accept money with a forbearance agreement. There are many ramifications of a forbearance agreement; the process should be guided by legal counsel.

Foreclosure Statistics
2009 To 2014 Foreclosure Statistics for San Luis Obispo County, California

This document details the number of Notice of Defaults, Notice of Sales, and Trustee's Deeds filed in San Luis Obispo County, CA from January 2009 through 2014. For review of data prior to 2009 please contact our office.

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