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Updated about 8 years ago on . Most recent reply

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JT Thompson
  • Austin, TX
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Late fees owed to servicer on foreclosure acquisition

JT Thompson
  • Austin, TX
Posted

I'm paying off a foreclosure on a property & subsequently purchasing the property as well. The mortgage service company has added an exorbitant amount of penalties & late fees though. Can I just pay the principle amount plus reasonable late charges instead? Or are the outrageous late fees & penalties all due to acquire the property? 

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