Default Management Fee Clause Samples

Default Management Fee. (for non-performing and REO) $188.00 per Note or REO per month for standard default management support such as collections, skip tracing, coordinating foreclosures, responding to bankruptcy claims, and any overhead related to default management plus REO sales coordination, forced insurance placements, property management and evictions. In addition, all directly related fees or commissions, internal or outsourced, will be charged to MEMBER's account