Trustee
In a Deed of Trust loan agreement, the legal term referring to the third party who, on behalf of the beneficiary, holds the title to real property as security for the repayment of a loan. In the event of default, the trustee has the right to foreclose on the secured property; the trustee has a fiduciary responsibility to both the borrower (to hand over the deed if paid in full) and the lender (to foreclose in the event of default).
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) 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.
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.