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h. Repossession and Preservation Cost (05/09/2022)
Costs necessary to repossess the home and maintain the home while awaiting sale include but are not limited to:
• the fee for the condition report;
• the fee for the appraisal;
• the lot rent;
• unpaid/delinquent property taxes, provided that:
o documentation is contained in the case binder from the local authority showing
the tax amount that is past due;
o the taxes are legally required to be paid in order for the Lender to repossess and/or
foreclose on the collateral;
o current year property taxes are due on the unit; and
o the taxes are for the Property identified as secured on the security instrument;
• moving the home to a sales lot (not to exceed $1,000 per module - i.e., $1,000 for a single-wide, $2,000 for a double-wide);
• the attorney’s fees (not to exceed $1,000);
• court costs (e.g., filing fee, fee for serving a summons);
• changing locks;
• winterizing; and
• hazard or flood insurance if obtained by the Lender after repossession.