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Bank fights condo late fees on foreclosed unit

| Fees, Foreclosures, Delinquencies & Collections |   Massachusetts |  


Question:

A bank has foreclosed on a mortgage for a condo unit which is 11 months delinquent in paying condo fees. How are late fees to be assessed? The bank is stating that a $25 per month late fee is unlawful. i.e. 11 x $25 for the oldest delinquent fee, 10 x $25 for the next.  Massachusetts. 


Answers (7)

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