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Real Estate & Property Law

: The Home Equity Theft Reporter

Federal Appeals Court Reinstates 85-Year Old Widow's 'Fair Debt' Suit Alleging Illegal Fee Gouging After Missing Final Payment On 30-Year Mortgage

By r morris

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In Philadelphia, Pennsylvania, The Washington Post reports:An elderly New Jersey widow billed $5,800 after missing the final payment on her 30-year mortgage can pursue her lawsuit against the debt collectors, a U.S. appeals court ruled.(1) Lawyers for Dorothy Rhue Allen call the fees charged by two banks and a law firm "unfair or unconscionable" and say they violate state and federal

Full post as published by The Home Equity Theft Reporter on January 17, 2011 (boomark / email).

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