Alabama

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REO Preservation & Protection Cost Schedules for Alabama

Maximum Allowable
1-Unit $800.00
2-Unit $950.00
3-Unit $1100.00
4-Unit $1250.00
Note: If a property is located in a state where winterization is required, and the property has hot water heat, add $250/unit.

Property Inspection
Occupancy Inspection (Exterior); add’l units $10.00 $20.00
Initial Vacant Property Inspection (Interior); add’l units $30.00 $35.00
Vacant Property Inspection (On-Going); add’l units $25.00 $30.00

 

Lock Change/Securing
Maximum Allowable Securing Fee $350.00
Secure Pool (sqft) $2.05/sq.ft.
Secure Pool Maximum Amount $1050.00
Secure One Door $40.00
Hot-Tub, Jacuzzi, or Spa $55.00

Boarding
Boarding 1/2-inch (UI) $0.80
Boarding 5/8-inch (UI) $0.90
Boarding 3/4-inch (UI) $1.00
Screening (UI) $0.55

Debris Removal
Please see page 33 of ML 07-03 for Large Appliance, Pest Infestation and Tire Amounts
Per Cubic Yard $45.00
Maximum Allowable 1-Unit (12 cu yd.) $540.00
Maximum Allowable 2-Unit (15 cu yd.) $675.00
Maximum Allowable 3-Unit (18 cu yd.) $810.00
Maximum Allowable 4-Unit (21 cu yd.) $945.00
Vehicle Removal $180.00
Variations
Contact the M&M contractor in writing for approval to remove health or safety hazards (furnish 2 bids).

Yard Maintenance
Initial Cut up to 10,000 sq. ft. $70.00
Initial Cut 10,001 to 15,000 sq. ft. $90.00
Re-Cut up to 10,000 sq. ft. $65.00
Re-Cut 10,001 to 15,000 sq. ft. $85.00
Trim Shrub $30.00
Snow Removal $0.00

Winterization
Dry Heat 1-Unit $90.00
Dry Heat Additional Units (2-4 Units) $50.00
Steam Heat 1-Unit $140.00
Steam Heat Additional Units (2-4 Units) $90.00
Radiant Heat: Hot Water 1-Unit $460.00
Radiant Heat: Hot Water Additional Units (2-4 Units) $230.00

Photographs
Cost Limit Flat Fee (included in Maximum Allowable) $30.00
Contact Us about the Photographs Cost Schedule Back to top

Atlanta Homeownership Center
Ralph Jackson,
REO Director
(678) 732-2153

 

Contacts for Lender Appeals
AB Hooks Van Holm, Inc. Candace Fraley/(610) 491-2420 x 1213
Ernest Nichols/(678) 732-2689

Post Endorsement Fees
Substitution of Hazard Insurance Policy at other than expiration of existing policy, if not prohibited by state law. $10.00
Processing / reprocessing of NSF (non-sufficient funds check). $10.00
Modification of mortgage involving a recorded agreement for extension of the terms of reamortization. $50.00
Modifications of mortgaged property includes, but is not limited to: release lot/acreage from original secured parcel, order-of-taking, condemnation, subordination or consent to easement, subdivision consent, lot line dispute or adjustment, consent to change in covenants and restrictions. $100.00
Providing a copy of Mortgage / Deed of Trust: only if duplicate of what was already provided mortgagor. $10.00
Providing a copy of Mortgage Note: only if copy is duplicate of what was already provided mortgagor. $10.00
Providing a copy of settlement statement, gift letters, and other documents: other than those provided at closing. $10.00
Providing new amortization schedule, other than at closing. $15.00
Providing payoff statements: (other than initial) no charge for 1st two requests per calendar year; then each additional statement. $10.00
Providing replacement coupon books. $5.00
Providing mortgagor payment history: other than current and 1 prior year. $5.00
Verifying mortgage to prespective creditor/lender: Verify status of existing loan (in connection with refinance application.) Only allowed when mortgagor has given present lender written authorization to release information to prospective lender and charge fee. $20.00
Providing duplicate year-end statement. $5.00
Faxing payoff statement on request of mortgagor. $5.00
Incorporating borrower name change in servicer’s system. $0.00
Re-Analyzing escrow accounts and providing coupon books. $0.00

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