Tuesday, August 14, 2007

Ohio "Foreclosure Opportunist" Triples Its Upfront Fees For Its "Foreclosure Services"

The Morning Journal reports that, in what may appear to some as a blatant move by a rank opportunist to capitalize financially on the growing number of foreclosures, one long-time outfit in Erie County, Ohio has just more than tripled its upfront fees for those utilizing its services in connection with foreclosures. That outfit is none other than the Erie County Common Pleas Court, which just increased the fees it charges foreclosing mortgage lenders for filing foreclosure actions in its court from $200 to $650. Reportedly, the new fee is not out of line with what the courts in other Ohio counties charge (but the timing looks terrible). For more, see Erie County judges raise forclosure fee to $650.