Based on California Civil Code 2924b, c, & d. Trustee fees are calculated on the amount of the unpaid principal balance.
Pre-Publication(Starting with the recording of the NOD and continuing to the mailing of the NOS.)
$455,000.00 UPB: $750 plus $762.50 (.25% of $305,000) for fee total of $1,512.50.
Publication Period(After the NOS is mailed and up to the day of sale.)
$455,000.00 UPB: $1,360 plus $1,525 (.5% of $305,000) for a fee total of $2,885.00.
Trustee SaleStatute allows $425 or 1% of the unpaid principal sum secured, whichever is greater.
Should the property revert to the lender at the sale the full fee amount can be reduced at the Trustee's discretion. This does not include the accrued costs such as TSG, mailings and recordings which are a separate charge.
For questions or more information, please contact Jim Fetter, Director of Business Development, at email@example.com or 877.870.1005.
Did You Know?
Advantage Trustee is part of Advantage Legal, which offers complete auction and posting services in New York. For more information, visit the Advantage Legal website.