Cost in a non-judicial state AL

[Daria B.]

I need some gentle guidence as a start in what direction to go to find out foreclosure costs.

My JV partner and I own a note and the borrower has defaulted and not paid in several months. We do have a servicer.

I finally had a conversation with my JV and said just foreclose since the borrower would not return calls, emails, any form of contact.

Borrower did response when a DIL was presented (oddly enough) and agreed to a DIL but has yet to sign the papers. Obviously we cannot force the borrower to sign so I said let’s foreclose because I think borrower is playing games. It’s been months several with no payments.

How do I find out what it cost to foreclose?

The property is in Pell City, AL and I was able to find this is a non-judicial state and potentially would not be tied up as much unlike a judicial process since it’s not going through the courts.

Thanks

Daria