Loan-To-Value (LTV) Ratio
A percentage, used in lender risk and loan assessment practices, which accounts for the relationship between a loan amount and the value of a property being offered as security for the loan (typically the lowest appraised or purchase price value). The higher the LTV ratio, the more risk the lender assumes and the more the borrower pays for the loan, if accepted; loans with higher LTV ratios may also require mortgage insurance.
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.