In August of 2009, my HOA's management company changed their mailing address, and some of my automated payments were lost in the mail. My bill payment service resolved the issue and continued making payments. I didn't find out about it until several months later.
When I discovered the problem, I immediately paid the 2 missing payments and have remained current ever since. However, my HOA continued stacking late fees for every month. They have a sheriff's sale scheduled for next week and intend to foreclose. My dues are current but to keep my property I must pay $1925 in late/collection fees and $2500 for legal fees!
* Is there a limit to to how much a monthly late fee can be?
* Is it legal to stack late payments in this way?
* How do I fight this?