








PITNICK & MARGOLIN LLP
6800 Jericho Turnpike
Suite 206W
Syosset, New York 11791
PHONE: (516) 921-3838
FAX: (516) 921-3824
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REO FEE SCHEDULE
NOTE: FEE SCHEDULE CAN BE ADJUSTED TO MEET CLIENT GUIDELINES
NOTE: THIS FEE SCHEDULE APPLIES ONLY TO INSTITUTIONAL CLIENTS
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SIMPLE FORECLOSURES:
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$2,500.00 (FNMA guidelines will apply upon request)
Additional fees apply to contested matters, postponed sales, bankruptcy filings and other non-standard services.
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| DEEDS IN LIEU: |
$850.00 plus title costs and filing fees.
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R.E.O. EVICTIONS:
Per eviction: $750.00 (includes drafting 10 day notice to quit; drafting notice and petition; Court appearance; drafting Warrant and Judgment; coordination of eviction between client and Sheriff's Department) This aspect of the fee schedule may be broken down as follows:
The client is responsible for process server fees, Court filing fees, Sheriff's fees and similar costs.
Each additional Court appearance is billed at $250.00 MINIMUM depending upon time in Court.
Additional fees are billed on a per case basis for drafting Court pleadings such as opposition papers to Orders to Show Cause, motions, etc.
Additional fees of $150.00 per matter for New York City (5 boroughs)
R.E.O. Closings:
$890.00 (includes drafting of contract of sale; transmittal to buyers' counsel; review title report; coordination of clearance of simple title objections; scheduling of closing; attendance at and supervision of closing; transmittal of closing papers including closing statement and funds). Additional fees for complex title clearance, overnight services, wire fees and disbursements may apply.
A cancellation fee of $150.00 may be charged for each matter where a contract of sale is prepared and transmitted to buyers' counsel, but the matter is not consummated. Additional fees may apply if additional services have been performed.
Please note that this office maintains a policy of professional liability insurance. A copy of the declaration page will be furnished upon request.
PITNICK & MARGOLIN LLP - ATTORNEYS AT LAW
6800 Jericho Turnpike, Suite 206W Syosset, New York 11791
PHONE: (516) 921-3838 FAX: (516) 921-3824
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