how much does it cost to foreclose on a home.

[Katharine Chartrand]

If you own a note and you can't get it re-performing, how much does it cost to foreclose?

[Mike Hartzog]

Hi Katherine,

It depends heavily on the state, and on the attorney you use.  FNMA has some maximums for attorney fees which serve as a guideline for many attorneys.  The cost of foreclosure, however, includes court costs as well.  Here's a chart which includes both FNMA maximums and estimated court costs.  I think these numbers put you in the ballpark of actual cost.