Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

In utilizing the Loan Modification option to bring an asset current, can the mortgagee include all fees and corporate advances?

April 26, 2017ASSET bring fees loan modification mortgagee option utilizing

0

Posted

In utilizing the Loan Modification option to bring an asset current, can the mortgagee include all fees and corporate advances?

1 Answer

0

Posted

Mortgagee Letter 2008-21 states in part: Legal fees and related foreclosure costs for work actually completed and applicable to the current default episode may be capitalized into the modified principal balance.