Fannie Mae recently issued a new set of fee ceilings, by state, for attorneys handling nonjudicial and judicial foreclosures of whole mortgages, pooled loans, and mortgage-backed securities tied to Fannie Mae. The guidelines are by jurisdiction, with California breaking down this way: nonjudicial — $1,000 (both attorney’s fees and notary fees included); judicial — “on approval” by Fannie Mae regional counsel. However, the “on approval” judicial foreclosure ceiling likely can find guidance via ceilings placed in other states: New Jersey — $2,425; City of New York/Long Island — $2,400; Hawaii (counties other than Honolulu County) — $3,400.
A foreclosure tale in Iowa in the early 1930s when "the bottom fell out of everything." Military police were on hand to keep farmers from preventing the auction 1930-1940. Library of Congress.