Owner Financing
A transaction in which a property seller carries all or part of the financing of a buyer’s purchase of a property. Owner financing agreements must consider “Due on Sale” clauses associated with outstanding loans on the property being sold. As monthly premiums for owner-financed mortgages are frequently interest-only, these arrangements often involve a balloon mortgage payment. Also known as Seller Take-Back or Owner Carry Back.
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 we do during the "Reinstatement Period"?
All American Foreclosure Service will review and forward a copy of the Trustee Sale Guaranty we order from the Title Company, to see who has a recorded interest in the property as owner or as lien holder; check for bankruptcy and ensure proper notice to the Trustor and subsequent owners or junior lien holders. Within 10 days we are required to mail a copy of the Notice of Default to the Trustor and those who have recorded a Request for Special Notice and within 30 days we send a copy of the Notice of Default to any junior lien holders and other parties. Upon expiration of the 3 month reinstatement period, we proceed to set a Trustee Sale.
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.