Legal Question in Credit and Debt Law in New York

I have a condo located in Frederick, MD which I defaulted on HOA fees a very long time ago which resulted in a lien against my property. There were two different attorneys assigned to this case and several judgements placed on this same balance. It has gotten very messy and the attorney whom I am currently making payments to now has provided me with a balance that is outragous (Over 20,000) and in addition says that all payments made she receives 33 cents per dollar as well as interest accruing. I want to reduce this debt , it is affecting my credit drastically and do not have a savings account to just pay a lumpsum as suggested. Since there were judgements that will eventually get paid off and now another attorney is collecting interest on a balance that attorney fees and interest were assessed to. Is that legal?

What is the law in regards and should I have in writing how all fees were calculated and will be calculated in future? Is there any other BETTER solution for ME than the current setup.

I appreciate any assistance or help with this matter.


Asked on 5/16/11, 1:00 pm

1 Answer from Attorneys
Guy Lewit Guy Mitchell Lewit, Esq.

There can only be ONE judgment entered against you for the amount that is owed. You have to examine the agreement you signed when you purchased the Condo to determine what charges could be added to the total amount due. Attorney fees was probably one such charge. I do not know the rules in MD but in New York, judgments accrue interest at 9% per year. The longer it takes for you to pay it, the more you'll have to pay. First thing is make sure there is ONLY one judgment against you and then make sure that the amount of the judgment is the

correct amount. If you don't have an attorney I would get one (IN MD) to assist you.

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Answered on 5/19/11, 9:59 am


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