By Richard Worsfold and Reshma Kishnani ( August 29, 2018, 9:02 AM EDT) -- Many mortgagees will add a three-month interest penalty to their discharge statements delivered to mortgagors who are in default. Frequently those mortgagees will also deduct the three months’ interest penalty from proceeds of sale even if they are the ones who have caused the property to be sold by power of sale....