Attorney's fees: There will always be a reasonableness standard with regard to attorney fees. A judge can, in his or her discretion, limit the amount of attorney fees if he/she feels the amount is unconscionable or not reasonable with regard to the work performed. That said, if the attorney can justify the amount charged by verifiable work performed it will go a long way to establishing that what was charged was reasonable. section K of the Note where it reads: "Costs and Expenses.
You can see that our Note currently obligates the borrower to pay for all expenses and costs, including attorney fees, associated with collection efforts to collect any amounts due under the Note
Section G.1 of the Note addressed late fees that can be assessed and they can modify that % to be what they want it to be:
For longer-term rental deals or multifamily deals (if they apply to the deal at hand), will reside in section J of the Note.
This provision identifies how you can seek any identified, and still unpaid, fees post-closing. If you have an internal process for identifying such fees, you can continue to use that process.
GoDocs does offer a way to include closing instruction for fees to-be-collected up to and including closing of the loan.
On the Loan page of the loan order, please selection "Yes" to Include Disbursement and Funding Authorization? and proceed to the Funding page of the order.
If an identified fee is netted out of the closing proceeds, then you can use the Add button for the Borrower Fees - To Be Financed row and add any line-items.
If the fee is paid outside of closing (not netted out of closing proceeds), then you can use the Add button for Borrower Fees - To Be Paid Outside Closing (POC) row and add any line-items.