An 85 year-old New Jersey widow who became sick and was unable to make the final payment on her 30-year mortgage now faces foreclosure on her home and an additional $5800 in fees, including roughly $2400 in attorney's fees. The woman borrowed took out a $40,000 mortgage in 1976 and failed to make her last mortgage payment, $432 total, because she was in the hospital when the payment was due.
The elderly woman has now brought suit against the lenders, LaSalle Bank and Cenlar Federal Savings Banks, in federal court for fraudulently inflating charges far beyond the levels allowed under federal debt collection laws. Many homeowners are not aware of the federal and state laws regulating debt collection, especially when a lender is trying to collect unpaid mortgage debt. In this instance the elderly woman was lucky she was knowledgeable enough to hire a lawyer to protect her rights.
If you are currently facing a Florida Foreclosure Lawsuit, or will be in near future, contact a Jacksonville Foreclosure Lawyer or a Florida Foreclosure Lawyer today.
