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The corporate advance fees are disbursements forthat the servicer has paid with servicer funds. These fees include foreclosure expenses, attorney fees, bankruptcy fees, and force placed insurance. As far as I know, these fees do not include taxes.
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What is a corporate advance fee from mortgage company after – What is a corporate advance fee from mortgage company after. Corporate Advance Fees are fees paid for by the Servicing Lender from their own funds. Then they charge the Borrower to get their money back. These fees are for various items-foreclosure expenses, attorney fees, force placed insurance fees, modification process fees, 1st post modification statement: What Are Corporate Advance.
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I just got my 1st statement after my loan mod. I have 11 "Corporate Advance Paid" fees that total to $9019.95 I called Chase to ask what these were and was told that they are just part of the modification process and not to worry about it because everything is fine.
A corporate advance on a mortgage is a payment for a service related expense that is owed by the borrower.
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Corporate advance is a fee charged by the lender to cover the extra processing. It is a disbursement for servicing-related expenses rather than escrow expenses, paid with servicer funds that are to be recovered from the borrower.
What are corporate advances? I am in a foreclosure/ remodifing loan situation. The mortgage company has recently told me I owe 1500.00 I have just received a detailed list of fees to pay in order to.
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Corporate Advance Balance owed to mortgage company of $800.00. In 2004 we had to pay $5,805.38 back payments and attorney fees to keep the house from foreclosure. We kept the house through the bankruptcy and are now trying to refinance to get a lower interest rate but our mortgage lender (chase bank) is telling us we owe the $800.00.
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