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.
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...
Like us on Facebook and get articles directly in your news feed