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(9)For any case in which the attorney provides services for “proceedings subsequent” (or “PS”) that involve registered land, Fannie Mae will reimburse an additional $750 attorney fee as well as any actual, reasonable and necessary costs associated with the PS action. The maximum fee for all other counties is $10,400. (8)This fee applies to judicial foreclosures in Honolulu County. (7)Fannie Mae will not reimburse the servicer for posting costs incurred after September 1, 2015, in connection with Texas foreclosures, as these services are included in the allowable foreclosure attorney fee.
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(6)This fee includes the attorney's fee, the notary’s fee and the trustee's commission (or statutory fee). If the court orders a Foreclosure by Sale (or a Foreclosure by Market Sale on or after January 1, 2015), the fee will be $3,725. (5)This fee applies to Strict Foreclosures. (4)This fee includes the work to complete the transfer of title to a successful bidder when the property is sold to a third party. For all other judicial foreclosure actions in Washington, Fannie Mae approval is required (see footnote 2). (3)In Washington, the $3,250 fee only applies to judicial foreclosure actions involving e-Notes, as Fannie Mae’s prior approval is not required to proceed judicially for e-Note foreclosures. Applicable fees will be authorized through the Excess Fee process. (2)Because this is not the preferred method of foreclosure, the servicer must obtain approval of its use from Fannie Mae's Regional Counsel prior to initiation by submitting the Non-Routine Litigation Form ( Form 20). (1)This fee covers the combined attorney's and notary's fees. In the event that a default is cured, such as by a completed loan modification or reinstatement, and the loan subsequently becomes delinquent again, a new allowable fee applies without the need for excess fee approval when the servicer must initiate new foreclosure proceedings. The allowable fee applies for the life of the default and covers all services necessary to complete a routine foreclosure action in the jurisdiction. The attachment also indicates if a current contractor has changed their contact information.The following table contains the maximum attorney’s fees that Fannie Mae allows for legal work related to foreclosures for all Fannie Mae mortgage loans. New contractors have been added to the states/territories of: CA, MD, OH, TX and VA. Also included below is a quick reference guide for working with SAM Contractors. You may begin using these new vendors immediately. We ask that you locate new vendors (highlighted in yellow on the attachment) servicing your area and call to introduce yourself, as well as familiarize yourself with their capabilities.
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Please review the list of SAM contractors linked below. Each contractor goes through an extensive selection process and is chosen based on their ability to perform repairs on REO properties and assist Fannie Mae in reducing repair costs, increasing efficiencies and shortening the time it takes to complete repairs. Fannie Mae routinely adds SAM (preferred) contractors to its network.
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