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If your house has gone into forclosure but you plan on reinstating it are you responsible for the mortgage company's legal fees? |
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Answer
That information would be included in the terms of the loan agreement. Some states have laws prohibiting recovery of legal fees. Those laws usually apply to unsecured debts and would not include a mortage. It would be advisable to consult the state statutes concerning foreclosures and/or redemption procedure.
Once you get a Notice of Default the attorney is in the pcicture and he/she always gets paid.
First answer by ID0000000000. Last edit by Agean. Contributor trust: 0 [recommend contributor]. Question popularity: 35 [recommend question]
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