Dallas Overcharging for Late Fees Lawyers
For most people, buying a home is one of the most critical decisions in their lives. A mortgage is a serious consideration, and you work hard to keep up with the monthly payments. Many mortgage contracts allow the lenders to charge for overdue payments. Unfortunately, lenders can take advantage of this privilege and scam you out of money or overcharge incorrect amounts. These actions can leave you buried under a mountain of debt and deprive you of your home and financial security. If you have been overcharged for a late mortgage payment, Gagnon, Peacock & Vereeke, P.C. is here to help.
At Gagnon, Peacock & Vereeke, P.C., our seasoned overcharging for late fees attorneys have 30 years of experience in helping clients in the Dallas-Fort Worth area keep their homes. Overcharged late fees can be an unexpected nightmare for many homeowners, but with the help of qualified legal counsel, you can fight back to protect your family and property. Contact a Dallas foreclosure attorney today at (214) 824-1414 to find more about how our team can help you.
Why Choose Us?
While tangled up in a late-fee overcharge dispute, you may have many questions. Why did the lender overcharge me? Should I seek legal advice or handle this problem myself? While you may be inclined to represent yourself, the right attorney could mean the difference between keeping your home and finding another. Laws regarding lenders and foreclosures are nuanced and require expert guidance to navigate successfully. You could have your life turned upside down by overcharge fees, so it is best not to leave the matter in the hands of an amateur.
At Gagnon, Peacock & Vereeke, P.C., we let our experience, track record, and client satisfaction speak for themselves. Few firms can match our 30 years of service to people in the Dallas-Forth Worth area. We are ready to help you, so contact us at (214) 824-1414 or fill out a contact form to discuss the specifics of your situation with a knowledgeable member of our legal team.
Examples of Overcharge Fees
If your mortgage payment is late, the lender may charge a fee. However, the lender can incorrectly assess your late fees, adding hundreds of dollars to your balance and driving you further into debt. At Gagnon, Peacock & Vereeke, P.C., our foreclosure defense attorneys have helped countless clients in the Dallas- Fort Worth area keep their homes. We know the tricks that many lenders will use to overcharge your late mortgage payment. Some common examples include the following:
- The lender calculates the late fee during a grace period: It is common for most mortgage contracts to include a “grace period” of one to three weeks. Lenders should not charge you a late fee during this time.
- The lender posts payment after grace period: In this case, the lender delays in posting your mortgage payment to your account until after the grace period has expired. Our attorneys can prove this discrepancy was improper and have the late charge dismissed.
- The lender calculates an incorrect amount: Lenders can only charge the amount agreed upon in the loan contract. If the lenders breach the contract, our firm can have the late fees dismissed or, if necessary, override the contract.
- The lender illegally “pyramid” late charges: In some cases, lenders will charge you late fees on payments that you made on time by choosing not to include a charge for previously unpaid late fees. “Pyramiding” occurs when the lenders take the calculated late charges from the regular payment and leave part of the scheduled payment overdue, which results in the assessment of another late charge. Our foreclosure defense attorneys have experience in exposing lender shenanigans and will aggressively pursue your case in court.
- The lender charges post-acceleration late fees: An accelerated loan starts the foreclosure process and requires you to pay the entire balance of the loan. A lender cannot assess late fees after the loan is accelerated.
Late charges are more than a bothersome obligation, they could result in you losing your home. Moreover, unprincipled lenders can charge you improper late fees that can drag you further into debt. At Gagnon, Peacock & Vereeke, P.C., we will stand up to these unfair practices and help you regain control of your life. Speak to a qualified member of our team today and learn more about the detail of your case.
Challenging Overcharge Fees
You have the right to fight back if you believe a lender is charging you improper late fees. An experienced attorney will know what red flags to look for and help build a winning legal strategy. At Gagnon, Peacock & Vereeke, P.C., we will work tirelessly to prove the lender acted irresponsibly and help get your life back on track. Our mortgage foreclosure attorneys have three decades of experience in defending our clients against unfair late fees. Based on our experience, some common defenses that work include the following:
- Breach of contract
- Violation of state usury laws
- Deceptive acts or practices
- Unjust enrichment
- Negligent lending
- Breach of fiduciary duty
- Breach of good faith lending
Set up a free consultation on our website and speak to one of our professional legal representatives today.
At Gagnon, Peacock & Vereeke, P.C., our mission is to protect you with our experience and keep you from being charged unfair late fees for mortgage payments. We will thoroughly analyze every detail of your case to ensure the strongest possible defense. If a lender has unfairly charged you a late fee, we can help. Call our office at (214) 824-1414 today to learn more about your rights and legal options.