*Hello Fineract Community,*

We are currently in the process of migrating to Apache Fineract as our Loan
Management System (LMS) and have been exploring options for implementing a
foreclosure charge for loan preclosures.

During our research, we identified two possible approaches:

   1.

   Adding the charge manually as a *Specified Due Date Charge* at the time
   of foreclosure.
   2.

   Introducing a new ChargeTimeType.FORECLOSURE enumeration and
   implementing the corresponding logic during the foreclosure process.

We've successfully completed a proof of concept for the second approach,
but we’re keen to hear the community's thoughts on the best way to achieve
this within the Fineract framework. We're also excited about the
opportunity to contribute to the project and collaborate with others in the
community. 🙂

Looking forward to your insights!

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