How much does it cost? Are Trustee Fees regulated by statute?
A maximum fee of 1% of the principal amount due on the loan (plus costs) is allowed by statute. However, our fees are negotiable. Please contact us for a quote. We typically require a deposit of 1/3 of the amount on recording the Notice of Default, 1/3 on recording the Notice of Trustee Sale and the final 1/3 on conducting the Trustee Sale. In addition, there are costs incurred of title, mailing, posting the property and publication of notices. These fees vary and are typically between $500 - $1,500, depending on the amount of the note and required mailings. These fees are all chargeable to the borrower. If they reinstate the loan or payoff the loan our fees are included so you are reimbursed.
Starting a foreclosure is as easy as
- Click on the "Get Started Now" button below.
- Complete the secure online form, or download a printable version.
- Submit the form securely via the website, e-mail, fax, or mail it to us.
What do I do to start a foreclosure?
You will need to complete our information sheet called "Declaration of Default And Demand For Sale." This form is on our website to be completed digitally or the form can be downloaded, completed by hand and faxed or emailed to us. We will use this information to prepare a Notice of Default for recording which begins the foreclosure process. We will also need a copy of your Deed of Trust and Promissory Note plus any Deed of Trust Assignments, if any. Please call our office for any questions you may have and assistance to complete the form.
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.