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Understanding services, fees and costs

Cost for mortgages past due or in default

This section shows the common costs that you may have to absorb if your mortgage loan is past due or in default. These costs may vary depending on the service required, your location, how quickly the service is needed, if the work is done under extraordinary circumstances, and any investor or other legal requirements such as state or local laws. You may have to absorb other costs that are not listed here.

 

The costs listed below make up the Corporate Advance Balance located in the loan overview section on your monthly statement.

 

Property value

  • Full appraisal – $195 - $2,260
    If we hire an appraiser to inspect the property and determine the fair market value.

     

  • Broker Price Opinion (BPO) – $100 - $150
    If we hire a licensed real estate broker to provide an opinion of market value.

     

Property preservation

To ensure the property is occupied and maintained

  • Inspection – $20
    If we hire an an inspector to check if someone is living on the property or review the property condition.

     

  • Securing property – $2 - $1,000
    If we hire contractors to secure vacant and/or abandoned properties, such as installing locks.

     

  • Lawn care/snow removal – $1 - $730
    If we hire contractors to remove snow or perform lawn care at vacant and/or abandoned properties.

     

  • Winterization – $3-$160
    If we hire contractors to protect vacant and/or abandoned properties from winter weather.

     

  • Debris or vehicle removal – Based on contractors’ bids
    If we hire contractors to remove debris or unworkable vehicles from vacant and/or abandoned properties.

     

  • Damage repairs– Based on contractors’ bids
    If we hire contractors to repair or fix damages at vacant and/or abandoned properties.

     

  • Treating mold– Based on contractors’ bids
    If we hire contractors to treat mold or mold-related damage of the property.

     

  • Capping utility lines – $1-$90
    If we submit a request to cap gas, water, sewer lines and/or exposed electrical wires at vacant and/or abandoned properties.

     

  • Utility payments – Based on local rates charged by utility company
    If we make water, electric, gas or other utility payments for vacant and/or abandoned properties.

     

Foreclosure

  • Attorney/Trustee costs – $925-$12,000
    Costs incurred and charged by attorneys/trustee during the foreclosure process. Amounts vary on work performed or issues raised. Court costs aren't included.

     

  • Process server – $1-$450
    Costs charged by foreclosure attorneys, sheriff or other third-party process servers to serve appropriate parties with legal notices. Costs vary based on several factors, such as the number of parties served and the difficulty reaching them.

     

  • Publication/posting – $1 - $1,962
    Costs charged if we must advertise or publish notice of foreclosure sale. Costs vary based on the publication method and other factors.

     

Title

  • Search cost – $3 - $1,001
    Cost to perform a title search during the foreclosure process.

     

  • Update cost – $2-$200
    Cost to update the most recent title search.

     

  • Report cost – Up to $915 or based on unpaid principal balance
    Cost for a title report.

     

If you’re seeking mortgage assistance, go to chase.com/MortgageAssistance to find the information you need to apply for help.

 

Last revised June 2025