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Old 08-24-2001, 03:07 PM
Tracy0228
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Question

Foreclosure Reinstatment


New York State

I have received my reinstatment letter from the attorney's of my mortgage company but I am confused on the breakdown of charges?

Disbursements Advanced $$$$$
Inspection Fee $$$$$

No one has come to inspect my home at any time and I don't understand the disbursements advanced fee which is a couple of thousand dollars?

Thank You
Tracy
  #2  
Old 08-25-2001, 11:59 AM
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Join Date: May 2000
Location: Catatonic State
Posts: 75,781

Re: Foreclosure Reinstatment


Quote:
Originally posted by Tracy0228
New York State

I have received my reinstatment letter from the attorney's of my mortgage company but I am confused on the breakdown of charges?

Disbursements Advanced $$$$$
Inspection Fee $$$$$

No one has come to inspect my home at any time and I don't understand the disbursements advanced fee which is a couple of thousand dollars?

Thank You
Tracy
My response: contact the attorney for the bank. You did not state your status such as you were in foreclosure and paid the bank the arrears.
The inspection fee could be a foreclosing lender's inspection fee which is called that but actually is a real estate appraisal fee based on comparable sales in the area and no subject property inspection.
The other disbursement amount may be foreclosure related attorney fees and court costs which the bank paid already and is seeking reimbursement.

Last edited by HomeGuru; 08-25-2001 at 12:02 PM.
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