Fannie mae foreclosures sterling illinois

The Mortgage Default Counsel law firm retained by the servicer must request reimbursement of these PS fees and costs directly from Fannie Mae instead of billing them to the servicer. (9)For any case in which the attorney provides services for РІР‚Сљproceedings subsequentРІР‚Сњ (or РІР‚СљPSРІР‚Сњ) that involve registered land, Fannie Mae will reimburse an additional $750 attorney fee as well as any actual, reasonable and necessary costs associated with the PS action. The maximum fee for all other counties is $10,400.

(8)This fee applies to judicial foreclosures in Honolulu County. (7)Fannie Mae will not reimburse the servicer for posting costs incurred after September 1, 2015, in connection with Texas foreclosures, as these services are included in the allowable foreclosure attorney fee. (6)This fee includes the attorney's fee, the notaryРІР‚в„ўs fee and the trustee's commission (or statutory fee). If the court orders a Foreclosure by Sale (or a Foreclosure by Market Sale on or after January 1, 2015), the fee will be $3,725. (5)This fee applies to Strict Foreclosures. (4)This fee includes the work to complete the transfer of title to a successful bidder when the property is sold to a third party. For all other judicial foreclosure actions in Washington, Fannie Mae approval is required (see footnote 2). (3)In Washington, the $3,250 fee only applies to judicial foreclosure actions involving e-Notes, as Fannie MaeРІР‚в„ўs prior approval is not required to proceed judicially for e-Note foreclosures. Applicable fees will be authorized through the Excess Fee process. (2)Because this is not the preferred method of foreclosure, the servicer must obtain approval of its use from Fannie Mae's Regional Counsel prior to initiation by submitting the Non-Routine Litigation Form ( Form 20). (1)This fee covers the combined attorney's and notary's fees.

In the event that a default is cured, such as by a completed loan modification or reinstatement, and the loan subsequently becomes delinquent again, a new allowable fee applies without the need for excess fee approval when the servicer must initiate new foreclosure proceedings. The allowable fee applies for the life of the default and covers all services necessary to complete a routine foreclosure action in the jurisdiction. The following table contains the maximum attorneyРІР‚в„ўs fees that Fannie Mae allows for legal work related to foreclosures for all Fannie Mae mortgage loans.

Fannie mae foreclosures sterling illinois