A foreclosure can very quickly become expensive. Many people who do not take decisive action end up losing their homes because they simply cannot afford to cover the legal costs of a foreclosure. We have outlined below some of the legal costs one can expect to incur during the first 30 to 60 days. Of course, this list is not all-inclusive and cost may vary per case and per lawyer.
Statement of Claim – $1,150.00
Order of NiSi/Sale (including Statement of Claim) – $2,300.00
Immediate Final Order – $2,415.00
Complete with Final Order – $3,680
Immediate Rice Order – $2,645
Complete with Judicial Sale (Order NiSi included) – $4,140
Complete with Tender Sale (Order NiSi included) – $4,140
Ex Parte Application (For each further ex parte order obtained on the same day) – $290.00
Writ of Possession – $865.00
Writ of Enforcement – $115.00
Inspection fees – allow $35.00 per visit (within Calgary) plus GST.
Service of documents:
$20.00 per person same place/time
$75.00 per person including mileage (within the city)
$65.00 per person plus mileage (outside of the city)
Other Charges:
– Photocopying (allow 25 cents per copy)
– Faxing (allow 25 cents per page)
– Parking
Appraisals – $350 – $500
The longer a foreclosure drags on the more the legal costs rise and the faster the perceived value of your home decreases. Your rate of success and the equity you protect is directly proportional to how quickly you put the right solution into action. As you can see above, one missed mortgage payment can quickly turn into a very unmanageable bill by the end of a foreclosure. We can help you avoid many of these costs by putting the right plan into place as soon as possible. Contact us today.
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