I read the Tennessean every day, but a day late.
My husband gets the daily paper. He reads it throughout the day and then puts it into MY "pile". Occasionally he also puts some other publication in the pile.
Last week, the"other" publication was the AARP newspaper.
The cover had OUTRAGEOUS written across the top. Under that was a list of stories that were true and also truly outrageous. One such story was about a widow, in Ohio (I think). Her husband has passed away and she used the life insurance money to pay off the mortgage on their home, like he had wanted.
With no Mortgage company involved, she was responsible for paying the property taxes. One year, she paid the taxes late. In full, but late. The tax assessors office never indicated that there was a late fee.
The following years bills also showed no indication of additional charges on her account. After 3 years, her home was sold in a Tax Sale auction to collect the $200+ she owed. A $6.50 late fee plus interest and other late fee charges caused her to lose her home.
3 years and $30,000 in attorney charges, she has her home back.
It’s just wrong.
I recently paid my property in installments. I know I sent one of the checks late because of our ice storm. I called the Trustee’s office today and in fact, I owe them $11.11 in late fees. I asked what the policy was for informing me of these fees and was told that I would get a letter, before they sold my house.
Had I not read this article, I might never have asked.
Do you know your City’s, County’s late fee policy? If not, you might want to check them out!