• Delinquent Loan Fees

    Fees related to delinquent loans and bankruptcy often vary based on loan type, outstanding balance, payment status as well as property location, size and condition. Fees related to delinquent loans and bankruptcy reflect the amount of the invoice paid to third party vendors (including, in some cases, affiliates) for a service performed.
  • Valuation Fees
    TypeDescriptionAmount Charged
    (In some cases amounts may be outside of the range depending on facts and circumstances)
    Broker price opinion (BPO) 1, 2, 3We ask real estate brokers or other qualified individuals to provide an estimate of the market value of property.$70-$375 per event
    Inspection Fees
    TypeDescriptionAmount Charged
    (In some cases amounts may be outside of the range depending on facts and circumstances)
    Inspection 1, 2                                          Inspections are performed to ensure that your property is occupied and appropriately maintained. This may occur if you are behind on your payments.$11-$100 per event
    Property Preservation Fees
    TypeDescriptionAmount Charged
    (In some cases amounts may be outside of the range depending on facts and circumstances)
    Photos 1, 2We may have contractors take photographs to document property condition and/or property preservation services performed.$0-$30 per maintenance event
    Securing the property 1, 2, 3, 5, 10If the property is vacant and/or abandoned, contractors may be hired to secure the property. Services may include, but are not limited to, an initial secure of the property and, re-keying locks, securing doors; installing slide bolts, locks, barrel bolts, deadbolts and padlocks; installing security doors with padlocks; and/or boarding garage doors or windows.$20-$1000 per event
    Securing in-ground and above-ground pools, spas, Jacuzzis, and hot tubs 1, 2, 3, 5, 10If the property is vacant and/or abandoned, contractors may secure pools, spas, Jacuzzis and/or hot tubs. Services may include but are not limited to securing, covering, draining, disassembling, chlorinating and/or boarding.$35-$2800 per event$35-$2800 per event
    Lawn care/snow removal 1, 2, 3, 5, 10If the property is vacant and/or abandoned, contractors may be retained to perform lawn care or snow removal. Services may include periodically watering, trimming shrubs and/or cutting the grass. Snow removal may include removing snow from the entry walk, porch and/or driveway.$25-$495 per event
    Plumbing, electrical, heating and cooling system maintenance and repair 1, 2, 3, 10If the property is vacant and/or abandoned, we may have contractors repair and/or maintain the systems on the property including the plumbing, electrical, heating and cooling systems. If necessary, we may cap gas, water, sewer lines and/or exposed electrical wires.Based upon a bid by third party contractors
    Winterize/de-winterize 1, 2, 3, 10If the property is vacant and/or abandoned, steps may be taken to protect the property from winter elements. Services may include but are not limited to, draining plumbing and heating systems, maintaining water services to houses where a community water service is involved, and/or turning off water supply to the property, and may include the use of air pressure and/or adding anti-freeze to prevent freeze-ups.$55-$2500 per event
    Debris removal/personal property removal/vehicle removal 1, 2, 3, 10If the property is vacant and/or abandoned we may have contractors remove debris. Services may include but are not limited to the removal of hazardous or non-hazardous material, trash or personal property left behind (including non-functioning appliances, abandoned automobiles, boats, motorcycles, recreational vehicles and trailers or personal property).Based upon a bid by third party contractors
    Utilities 4If the property is vacant and/or abandoned, we may make water, electric and/or gas utility payments directly to the utility company and charge against the loan at the same amount.Based upon local utility rates
    Damage repairs 1, 2, 3, 5, 10If the property is vacant and/or abandoned, we may have a contractor conduct repairs to address and fix identified damages to a property or otherwise take measures to prevent further damage from occurring.Based upon a bid by third party contractors
    Health and Safety Fees
    TypeDescriptionAmount Charged
    (In some cases amounts may be outside of the range depending on facts and circumstances)
    Cleaning 1, 2, 3, 10If the property is vacant and/or abandoned, we may have contractors provide cleaning services to address any health and/or safety issues. Services may include, but are not limited to, general cleaning and cleaning refrigerators, stand alone freezers and toilets.Based upon a bid by third party contractors
    Mold remediation or treatment 1, 2, 5, 9If the property is vacant and/or abandoned, services may be provided to treat or remediate mold or mold related damage in an attempt to prevent further damage and/or deterioration of the property. Molds, fungi, mildew and similar organisms ("Mold Conditions") may exist in the Property of which the Servicer is unaware and has no actual knowledge. No representation or warranty is made in regard to the effectiveness of any treatment or remediation action which may be taken.Based upon a bid by third party contractors
    Extermination and pest control services, termite inspections and/or treatment 1, 2, 9If the property is vacant and/or abandoned, we may coordinate fumigation by a professional extermination company. Services may include, but are not limited to, removal of vermin or other animals, termite inspection and/or treatment.$30-$7350 per event
    Foreclosure Fees
    TypeDescriptionAmount Charged
    (In some cases amounts may be outside of the range depending on facts and circumstances)
    Attorney/trustee Fees 6These are attorney fees incurred and assessed with respect to the foreclosure process. Trustee fees may be charged in non-judicial states.$180-$2700 per each foreclosure action
    Process server 7We may have a process server who notifies all parties in person of interest of legal action in accordance with appropriate legal standards.$3-$1965 per each foreclosure action
    Publication/posting 8We may be required to advertise or publish notice of a foreclosure sale.$100-$3000 per each foreclosure action
    Title Fees
    TypeDescriptionAmount Charged
    (In some cases amounts may be outside of the range depending on facts and circumstances)
    Title Fees 1, 2This is the fee for title report, utilized by the trustee or foreclosure attorney.The fee may be based on unpaid principal balance (UPB). Prior to initiating foreclosure action, we must confirm lien position and interested parties.$100-$575 per each foreclosure action
    Title search/title update fee 1This is the fee for the title search, abstract of title and/or a continuation of title report ordered by the foreclosure attorney or trustee to use as a basis for securitizing title and the identity of persons with an interest in the property.$125-$1600 per each foreclosure action
    Bankruptcy Fees
    TypeDescriptionAmount Charged
    (In some cases amounts may be outside of the range depending on facts and circumstances)
    Bankruptcy fees 6Once a bankruptcy is filed, attorney fees may be incurred as part of the bankruptcy process.$75-$1850 per each bankruptcy action
  • For information on loan servicing fees charged by CIT Bank Residential Servicing, please view our Loan Servicing Fees page .





    1 Fees are based on the market price for such services in a particular state/locale.

    2 There may be an additional charge if the service is performed on a rush basis or ongoing maintenance is required.

    3 Fees may exceed the stated range under certain circumstances including, but not limited to, nonconforming properties, proposed construction, beach, canyon, rural and remote locations, atypical large gross living areas and over-improvements may incur an additional charge. 

    4 Utility fees are passed through based on actual utility company billing. Depending on the circumstances - such as the billing rates or consumption rate - the charges can vary widely.

    5 Fees may vary depending on local ordinances. 

    6 Fees represent the actual amount charged by the attorney or trustee for work performed. Attorney/Trustee fees can vary based on the amount of time spent or the issues raised during the process, among other factors. This does not include related fees including, but not limited to, filing fees, court fees or other administrative or direct pass through expenses which may be assessed by the Courts. Depending on the circumstances - including the jurisdiction, local practice, the legal rates in the location, the character of the proceeding and whether the matter is contested in the course of any bankruptcy proceeding, multiple filings or objections to plans, among other factors - fees could exceed the stated range. 

    7 Process server fees vary based on several factors including the number of parties that must be served and the difficulty of achieving service (e.g., the cost may be higher if a party is avoiding servicer, is difficult to locate or distant from the forum). 

    8 Publication/posting fees vary based on the publication method used and/or selected that may be required to meet local or legal requirements among other factors. 

    9 The amount for these fees varies widely and is dependent on many factors, including the nature and extent of the work performed or services provided, the location of the property, size of the residence, character of the infestation or contamination among other factors. 

    10 Fees may exceed the stated range under certain circumstances including, but not limited to, emergency services, large lots, extensive landscaping, the size or condition of the systems and location, the amount of personal property or the condition of the property and location, the character or extent of any damage, local ordinances, or the term during which the property remains subject to default.