costs of the process or in whole (unofficial)

[Daria B.]

Does anyone know of a web site that has costs associated with the foreclosure process for each state? I'm looking for something that is not necessarily "official" as costs do change. This can be in the form of estimation of details or a lump sum 'round about figure. Likely, judicial states will cost more, but that's a guess.

[Ron S.]

Originally posted by @Daria B.:

Originally posted by @Ron S.:

Not sure i understand...are you going to foreclose on someone or are you going to go through your own foreclosure? What would knowing the numbers in either situation do for you?

If you are trying to calculate costs related to the potential investment of a foreclosure property, you'll know soon enough when the sale is published. You'll have the total bid amount required to purchase the property. The foreclosure cost shouldn't have any impact. What would have impact is the total, not the parts of the total.

I like learning for the sake of learning. But in this case, I buy mortgage notes and look at these costs in the case of having to go through this process. Its part of the analysis much like any other $ that affect either the purchase of or holding of assets (or paper) and how it affects the bottom line.

 Well in that case, call an attorney in your state (Or trustee if not an attorney state) and ask them how much a foreclosure costs.