While a bank may justify having 5K in fees in the foreclosure process as they pad their books on the deal with fees, an individual or small company may have a difficult time doing the same thing.Another point, if a property is sold at sale for more than the principal and accrued interest (to the date of demand, since after that date most states require it be placed in a non-accrual status) attorney or trustee fees, publications and direct expenses, the mortgagor is entitled to every dime above those costs.

Most homeowners will quote you the existing Principle balance of the loan and not include the accrued interest and late fees since they stopped making payments.

Sometimes I think it is to rack up as many fees and accruing interest as possible so they can realize a bigger loss???????

Of that, $60,000 would be payable as accrued each month, with a year-end bonus at the end of year 1 of $15,000.3.

Would you celebrate if instead of accruing a $1000/mo in interest fees you only accrued $900/mo in interest fees.

Also, if you seller finance make sure you still charge the accrued interest if they pay off early.

For the most part, the interest just accrues on a day by day basis.

These owners would actually go to the hearing (most don't) and most likely try to ask for more time before the trustee sets the sale date.Yes, making up back payments and paying court costs and fees accrued will almost always stop the foreclosure.

If your landlord is trying to get a money judgment against you on top of tossing you out and you go to court and bring up the lapsed license the court will not enter a money judgment against you for rent accrued.

The lender's note will continue to accrue interest and costs.