Power of Sale
A clause in a deed of trust or mortgage in which the borrower pre-authorizes the sale of property to pay off the balance on a loan in the event of their default. In deeds of trust or mortgages where a power of sale exists, the power given to the lender to sell the property may be executed by the lender or their representative, typically referred to as the trustee.
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.