Wednesday, November 14, 2007

Another Victory for RV3 Home Owners

I pushed the new management company for a new payment book. I explained to them that the late fee is charged after the 15th which opposes the covenants which state that resolution after 30 days will be imposed, and I also told them that $20.00 fee is in opposition to my contract with RV3 (Our covenants) in as far as the agreement states I will be charged around 70 cents per month (6 per cent per year).
They spoke with the management company lawyer who presented information at the meeting which supported my findings. The board of Riverview Third have been instructed by the management company that a $20.00 fee can't be charged.
This leaves the possibility for anyone, who has been charged late fees, to get their money back.

They had mentioned that the 70 cent per month charge was nothing. I was quick to point out that 70 cents was in fact a 6% charge and that $20.00 was 144% charge. I also pointed out that people in foreclosure couldn't afford another penny.

Finally, we seem to have a management company who act quickly and in the correct manner.

Have a great Thanks Giving!