85-year-old woman misses final $432 payment on her 30-year mortgage is billed $5,800

[Amerigo Vespucci]

By MARYCLAIRE DALE, Associated Press Maryclaire Dale, Associated Press – Fri Jan 14, 4:02 pm ET

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.

http://news.yahoo.com/s/ap/20110114/ap_on_bi_ge/us_foreclosure_missed_last_payment_1

[Doremus]

1. Kicking nt

[Prometheus Bound]

2. link

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=439x205041

[ProfessionalLeftist]

3. Love the possum avatar/profile pic

Saw that on M$NBC.

[Lucky Luciano]

4. Holy Crap! THAT is sleazy. nt

[Liberal_in_LA]

5. glad she had lawyers working on her behalf