Woman Misses Final Mortgage Payment, Bank Charges $5800
Boy. I certainly wouldn’t want to give my business to this bank: PHILADELPHIA – An elderly New Jersey woman billed $5,800 after missing the final payment on her 30-year mortgage can pursue her lawsuit against the debt collectors. Lawyers for 85-year-old Dorothy Rhue Allen say the fees charged by two banks and a law firm violate consumer-protection laws. The suit says LaSalle Bank and Cenlar Federal Savings Bank started foreclosure proceedings in 2007 after the hospitalized Allen missed the last $432 payment on her Deptford, N.J., home. The banks advised her lawyers she could pay $5,800 to avoid foreclosure. But her lawyers instead sued over the fees, and the foreclosure action was dropped. A U.S. appeals court this week says Allen can pursue her case, reversing a federal judge who threw it out.
Woman Misses Final Mortgage Payment, Bank Charges $5800
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on January 15, 2011. Filed under