Earnest Money
In property negotiations, a deposit furnished by a buyer to demonstrate genuine intent in completing the purchase of a property. This deposit can, if the offer is accepted, be held by the seller’s representative and applied to the buyer’s portion of the remaining costs. Conversely, the earnest deposit will be returned to the buyer should the offer not be accepted or if certain agreed upon contingencies are not met. Deposit amounts can vary depending on regions and markets. Also called “earnest payment” or “good-faith deposit.”
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 if the Borrower (Trustor) calls us to pay off or bring the loan current?
You should direct all of their calls to our office for the exact amount of payoff or reinstatement. We forward this payoff to you for your review and approval. You should not accept any money from the Trustor once the foreclosure is started. In accepting money directly, you run the risk of invalidating the foreclosure and you may have to start the process over by recording a new Notice of Default and waiting out the three month reinstatement period.
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.