Fixed-Period Adjustable-Rate Mortgage
Mortgages with an initial fixed-rate period, after which time the rate adjusts either upwards or downwards, based on the cap structure and the chosen index, annually or at a specified period for the remainder of the term. Also called a Hybrid Loan.
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 much does it cost? Are Trustee Fees regulated by statute?
A maximum fee of 1% of the principal amount due on the loan (plus costs) is allowed by statute. However, our fees are negotiable. Please contact us for a quote. We typically require a deposit of 1/3 of the amount on recording the Notice of Default, 1/3 on recording the Notice of Trustee Sale and the final 1/3 on conducting the Trustee Sale. In addition, there are costs incurred of title, mailing, posting the property and publication of notices. These fees vary and are typically between $500 - $1,500, depending on the amount of the note and required mailings. These fees are all chargeable to the borrower. If they reinstate the loan or payoff the loan our fees are included so you are reimbursed.
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.