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Updated almost 10 years ago,

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Bob Malecki#5 Tax Liens & Mortgage Notes Contributor
  • Investor
  • Kingston, WA
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Outrageous publication charge for CA foreclosure notice

Bob Malecki#5 Tax Liens & Mortgage Notes Contributor
  • Investor
  • Kingston, WA
Posted

I hired a law firm in Los Angeles to FC on a property where I held the 2nd position note. We ended up negotiating with the borrower and settled for a decent amount. The attorney forwarded an invoice for mailings and publication service. The publication service fee if $2,550 which I think is outrageous. The publisher charged $.70/word and when I call them they refused to provide me any info since the company that placed the add is a large and recurring client, of course. I was never provided an estimate for this either. 

So, does anyone have any perspective on this? Is $2,550 a reasonable cost to publish FC notices in a small community newspaper? This is more than the fees that the attorney charged me. 

Bob

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