Real Estate Settlement Procedures Act (RESPA)
A U.S. Housing and Urban Development (HUD) consumer protection statute, designed to assist consumers in shopping for the lowest cost mortgages and to avoid costly or harmful loan offers, requiring that lenders and mortgage brokers provide standard disclosures at various times in a transaction and outlawing kickbacks that increase the cost of settlement services. Standard ╥good faith estimates╙ provided by a mortgage lenders or brokers disclose the estimated and itemized amount of fees and associated costs likely to be incurred in connection with a mortgage transaction including: closing costs, inspections, title insurance, taxes and other charges; this estimate must be provided within three business days of applying for a loan.
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.
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.
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.