Due on Sale Clause
A provision in a mortgage or deed of trust that permits the lender to demand repayment, in full, of the remaining balance of a debt in the event the property securing said debt is sold.
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What is the "Reinstatement Period"?
The 3 month period after the recording of the Notice of Default. This acts as a grace period, during which the Trustor/Borrower may cure the default by belated performance, if the default is curable. Please check out our Foreclosure Process Timeline page for more information.
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.