Foreclosure/Foreclosure

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Expert: Dennis Herman - 10/22/2009


Question
I have just been served with foreclosure papers.  I spoke to the mortgage co. I knew I owed 5600.00 but they said that the attorney fees for the filing are 7400.00. This leaves me with a grand total of $13000.00. They said that they would allow me to make 3 very large monthly payment to catch up.  Is there a way to negotiate the large attorney fees.  This seems to be a lot!

Answer
Contact your local city, county or state.  There should be a link from the HUD site, the Federal Govt site which lists help for home owners.  Search, "foreclosure help .gov"  Make sure you look at sites with the .gov.

http://portal.hud.gov/portal/page/portal/HUD/topics/avoiding_foreclosure

You can also try calling the lender to see where that gets you.  

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Dennis Herman

Expertise

I can answer questions on Real Estate such as question on writing an Offer to Purchase. What can go wrong after an offer is written? What is Buyer Agency and what will it do for me? What is a foreclosure? What is the difference between a foreclosure, a bank owned property and a short sale? What is the best way to locate a property? What steps can be taken to avoid foreclosure? How do Real Estate Agents get paid? How can I quickly build equity in a home? How do I view homes? What types of homes will have the best prices? How do I choose an agent? What types of financing are available?

Experience

Residential and commercial real estate. New home purchases. Buyer Agency. First time home buyers. Foreclosures, bank owned properties, estate sales and short sales.

Organizations
Greater Milwaukee Realtors Association Wisconsin Realtors Association National Association of Realtors

Publications
http://activerain.com/bloghome

Education/Credentials
State of Wisconsin Licensed Real Estate Sales Agent Accredited Buyer Agency Training Relocation Training Certified Senior Citizen Representative Wisconsin Real Estate Continuing Education

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