Foreclosure costs can vary depending on a number of factors including but not limited to the following: jurisdiction, a judicial vs. non-judicial foreclosure process, borrower behavior, the size and value of loan or property, etc.

In a standard uncontested foreclosure located in a non-judicial state, PeerStreet estimates that foreclosure costs consist of between 3-7% of the loan balance. These represent out-of-pocket legal and administrative costs and fees required to conduct a foreclosure. These figures do not include potential protective advances related to past due property taxes, property insurance, property management fees, and disposition costs, if any.

Foreclosure costs are likely to increase in judicial foreclosure states and in cases where there is a bankruptcy filing.