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My mothers home is about to foreclose and I would like to buy it however the mortgage company sent a payoff letter containing penalites of about 20000 on a 46000 loan. Is there a limit to charges?
Wiki User
∙ 14y ago
most foreclosures includes the original debt (loan & interest); attorney fees, including publications and any additional liens/judgements/levies etc placed against the property. the mortgage company may accept their amount and their attorney's fees but be thorough regarding any hidden entities looking for payment.
Wiki User
∙ 14y ago
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