Fees charged by lawyers assigned to delinquent mortgages can reach 6% to 8% of the home’s value, a heavy burden that could put borrowers even deeper in the financial hole, and without a home, asserts a report by Yedid, the Association for Community Empowerment.
“The fees of bank-appointed lawyers and receivers managing mortgage collection files at the state Enforcement and Collection Authority...
Lawyers’ fees for delinquent mortgages are onerous, report says
Fees, which can reach 6% to 8% of home's value, risk putting borrowers even deeper in the financial hole.
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