The Denver Post reports that Foreclosure Mill Law Firms in Colorado have been charging fees to homeowners who redeem their home in foreclosure phantom fees and inflated costs that are often generated by companies owned by or affiliated with the foreclosure mill law firms.
As we litigate and often settle foreclosure cases on behalf of Illinois homeowners we are constantly on the look out for unfair fees that Lenders and their Foreclosure Mill lawyers have constantly attempted to add to our clients loan balances or sought as part of reinstatement of their loan.
In Illinois, as in Colorado, Foreclosure Mill Law Firms like Pierce & Associates, Codillis & Associates, and others, also own companies that charge banks and ultimately consumers for sometimes unnecessary title searches and process serving. We’ve caught some of these firms trying to charge consumers for filing fees that will ultimately be returned to the lawyers and other unnecessary costs.
Unrepresented Homeowners who settled foreclosure cases with a foreclosure mill law firm should take a close look at their reinstatement or redemption statements, and if they see suspicious fees they should reach out to a lawyer to see if they might have a claim against the foreclosure mill that charged the fees.