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.
How do you decide what the “Opening Bid” is at the Trustee Sale?
Generally the opening bid is the amount of the principal, interest, late charges and any other advances made by the lender, including our trustee fees and costs. A lender can opt to reduce their opening bid as it may have some advantages. All strategies in this regard should be planned with the advice of your tax preparer and 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.