Average Cost For A Bank To Foreclose

[Ann]

Can anyone tell me what the average cost is for a bank to foreclose on a home?

[despritfreya]

This will vary from State to State. Judicial foreclosures are more expensive than non-judicial. In some States - especially if done by non judicial procedures - the cost is subject to that which is allowed by statute. As a result, I do not think you can get an "average". Maybe someone can tell you the approximate cost for the State of Michigan.

Des.

[espo1357]

They write off those losses, so I am not sure they give a shit.