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Costs Up for Home and Commercial Foreclosures for Sale Processing



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By : John Cutts    99 or more times read
The cost of processing residential and commercial foreclosures for sale has just gone up in Colorado as court fees in the region increase. In 2007, the average district court fee for filing a suit was $156, but with the latest increase, the pay will be $224 which represents a 43% jump. For defendants who wish to file an answer, district court fees have jumped to $158 from $90 in 2007.

According to residents, court fees have been rising in the state for three years, adding more problems to owners of Aurora foreclosed homes, CO and other distressed properties all around the region. Troubled homeowners have complained about the increases, asserting that this affects their chances of fighting a foreclosure case.

In some situations, owners of foreclosure houses in Colorado can request the judiciary to waive the fees, but the decision would still depend on the discretion of the judge handling the case. A homeowner in Denver recently reported that he was asked to shell out $92 to be able to answer a foreclosure lawsuit filed by a bank against him.

The problem for most homeowners facing foreclosures, and even those involved in commercial foreclosures for sale cases, is that they can hardly afford the fees since they are already having problems finding ways to pay their monthly mortgages, which is the reason in the first place why they are being sued.

The rise in fees is expected to affect owners facing foreclosure homes on sale problems the hardest. According to local reports, the increase was implemented to cover the construction costs of the Ralph L. Carr Justice Center which has an estimated construction cost of $258 million. The building will be opened in 2013 and will serve as the headquarters of Colorado's Supreme Court, Attorney General's Office, Court of Appeals and judicial officials.

Most homeowners who are facing foreclosure problems and small businesses involved in commercial foreclosures for sale cases have asserted that the construction project is a pointless use of public money and that the state does not need the building. In response, judicial department officials have stated that the construction of the center will eventually benefit taxpayers since the old building requires constant fixing and therefore, entails higher costs.
John Cutts has been educated in the finer points of the foreclosure market over 5 years.

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