Category Archives: Fee Schedules

REO Preservation and Protection Cost Schedules for Alaska

 

Maximum Allowable
1-Unit $1400.00
2-Unit $1550.00
3-Unit $1700.00
4-Unit $1850.00
Note: If a property is located in a state where winterization is required, and the property has hot water heat, add $250/unit.
  
Property Inspection
Occupancy Inspection (Exterior); add’l units $10.00 $20.00
Initial Vacant Property Inspection (Interior); add’l units $30.00 $35.00
Vacant Property Inspection (On-Going); add’l units $25.00 $30.00
Variations
During all inspections, inspectors should verify that all properties are winterized and if not, notify the servicer to arrange for winterization immediately as Alaska properties should be winterized year-round.
  
Lock Change/Securing
Maximum Allowable Securing Fee $350.00
Secure Pool (sqft) $2.05/sq.ft.
Secure Pool Maximum Amount $1050.00
Secure One Door $40.00
Hot-Tub, Jacuzzi, or Spa $55.00
Boarding
Boarding 1/2-inch (UI) $0.80
Boarding 5/8-inch (UI) $0.90
Boarding 3/4-inch (UI) $1.00
Screening (UI) $0.55
  
Debris Removal
Please see page 33 of ML 07-03 for Large Appliance, Pest Infestation and Tire Amounts
Per Cubic Yard $35.00
Maximum Allowable 1-Unit (12 cu yd.) $420.00
Maximum Allowable 2-Unit (15 cu yd.) $525.00
Maximum Allowable 3-Unit (18 cu yd.) $630.00
Maximum Allowable 4-Unit (21 cu yd.) $735.00
Vehicle Removal $125.00
Variations
Mortgagees are not to perform any interior debris removal without specific M&M contractor approval.
Yard Maintenance
Initial Cut up to 10,000 sq. ft. $100.00
Initial Cut 10,001 to 15,000 sq. ft. $120.00
Re-Cut up to 10,000 sq. ft. $95.00
Re-Cut 10,001 to 15,000 sq. ft. $115.00
Trim Shrub $40.00
Snow Removal $55.00
   
Winterization
Dry Heat 1-Unit $130.00
Dry Heat Additional Units (2-4 Units) $50.00
Steam Heat 1-Unit $190.00
Steam Heat Additional Units (2-4 Units) $90.00
Radiant Heat: Hot Water 1-Unit $475.00
Radiant Heat: Hot Water Additional Units (2-4 Units) $465.00
Variations
(2 of 2) Utilities should remain in the servicing Mortgagee’s name until conveyance. The servicing Mortgagee is instructed and authorized to switch utilities into HUD’s name effective on the date of conveyance.
(1 of 2) All properties should be winterized year round. Heat should be left on with the thermostat set at 55 degrees Fahrenheit. Properties should be conveyed with water, gas, and utilities ON. Propane and fuel oil delivery services shall remain on automatic fill. Water service may be turned off at the street (key box) only if the property has a forced air or electric heating system and the domestic water system has been properly winterized.
  
Photographs
Cost Limit Flat Fee (included in Maximum Allowable) $30.00