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Saturday, January 15, 2011

Die Banks Die!

http://news.yahoo.com/s/ap/20110114/ap_on_bi_ge/us_foreclosure_missePublish Postd_last_payment_1


Woman fights bank fees, missed final house payment

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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.
A lawyer for the Trenton, N.J.-based banks declined to comment.

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