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85 Year Old in Hospital Misses Last $484 House Payment is Charged $5800

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RamboLiberal Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-15-11 12:30 AM
Original message
85 Year Old in Hospital Misses Last $484 House Payment is Charged $5800
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

I don't think even the mob would be that heartless & brazen!
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47of74 Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-15-11 12:53 AM
Response to Original message
1. They remind me of this woman who is technically my cousin
But I don't consider her as such anymore. My grandparents have had health problems over the past year, so they recently moved in to assisted living. The woman in question wasted little time in trying to take advantage of the situation, and attempted to get a bit grabby with their house. She cut ties with the rest of us in our family once we stood up to her.

It just struck me that the bank is very similar to the person I mentioned above in taking advantage of an elderly person like that.
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flvegan Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-15-11 12:58 AM
Response to Original message
2. Kudos to her lawyers.
You're doing it right.
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chill_wind Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-15-11 01:12 AM
Response to Original message
3. They really are vermin.
85 years old. In the hospital. LAST payment after paying them back with interest for 30 years... words fail.
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snagglepuss Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-15-11 01:19 AM
Response to Reply #3
6. Your right, there are no words. This is no different than a shakedown by
thugs.
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Catherina Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-15-11 01:16 AM
Response to Original message
4. The banks are the mob. Rec'd. n/t
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Initech Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-15-11 03:44 PM
Response to Reply #4
15. It really goes to show you who the real criminals on this country are.
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fadedrose Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-15-11 01:16 AM
Response to Original message
5. They're not so bad, at least they didn't send her to jail...
like those poor girls who stole $11 when they were kids and were finally released.

And if this poor woman didn't have a relative who needed her kidney, she'd spend life in prison.

Just thinking about what coulda happened, $5800 is cheap.
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midnight Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-15-11 01:21 AM
Response to Original message
7. These banks need oversite...
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Merlot Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-15-11 01:44 AM
Response to Original message
8. THese sound like small local banks, not the "to big to fail" banks
LaSalle Bank and Cenlar Federal Savings Bank
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Prometheus Bound Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-15-11 03:31 AM
Response to Reply #8
12. I see LaSalle was bought by Bank of America in 2007.
http://en.wikipedia.org/wiki/LaSalle_Bank
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Tripod Donating Member (534 posts) Send PM | Profile | Ignore Sat Jan-15-11 02:26 AM
Response to Original message
9. That is just wrong.
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delightfulstar Donating Member (402 posts) Send PM | Profile | Ignore Sat Jan-15-11 03:20 AM
Response to Original message
10. Go get 'em, Mrs. Allen...
Damn, these banks are vultures - they don't care who they screw sometimes. They cover their own tookuses, and go after Joe or Jane Average for something beyond that person's control. It's just not right. I hope she wins big...she has a fantastic case against them.
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Selatius Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-15-11 03:30 AM
Response to Original message
11. I'd rather deal with credit unions. At least the depositors have a voice in how the operation is run
These guys, not so much.
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indepat Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-15-11 02:31 PM
Response to Original message
13. Now ain't these probably pandemic practices so f'in' special?
:grr:
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PCIntern Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-15-11 02:37 PM
Response to Original message
14. I once had a seven year balloon practice loan
and the late payment fee was 1732.00 a month. No reprieve, no questions asked or answered. I used to Certify return receipt requested my payments and no fewer than three or four times, I had to call up, nearly screaming at them after a while, to get the charge reversed b/c I had in my hand, evidence that they received the payment before the due date. It was outrageous...
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sarcasmo Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-15-11 04:50 PM
Response to Original message
16. The banks are not our friends. Most of us on this board know about the greed of the big banks,
tell you're friends to move their money into local banks and credit unions.
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lonestarnot Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-15-11 06:45 PM
Response to Original message
17. Welp those motherfuckers! Throw up a protest line!
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