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

In a standard uncontested foreclosure in a non-judicial state, PeerStreet estimates that foreclosure costs are between 3% and 7% of the loan balance. These figures represent the 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 be higher in judicial foreclosure states, and in cases where a lender is required to file a lawsuit in order to pursue foreclosure.