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Average Cost For A Bank To Foreclose

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    Average Cost For A Bank To Foreclose

    Can anyone tell me what the average cost is for a bank to foreclose on a home?
    08-2009:Quit Paying Credit Cards
    04-2010:Hired 2nd Attorney;05-2010:Filed 7
    06-2010:341 Meeting (went very well)
    08-24-2010: Discharged; 09-02-2010 Closed!!

    #2
    This will vary from State to State. Judicial foreclosures are more expensive than non-judicial. In some States - especially if done by non judicial procedures - the cost is subject to that which is allowed by statute. As a result, I do not think you can get an "average". Maybe someone can tell you the approximate cost for the State of Michigan.

    Des.

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      #3
      They write off those losses, so I am not sure they give a shit.

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