August 21, 2012

Bank seeks repayment of $200K in loans

A bank has filed suit against the Jefferson County corporation that it claims failed to repay more than $200,000 worth of loans.

Wells Fargo Bank claims its successor, Wachovia, loaned $50,447.12 to defendant Statewide Consolidated Community Development Corp. on July 28, 1999.

Again, on Feb. 10, 2006, Wachovia loaned Statewide $26,680 and issued the company another promissory note on May 16, 2005, worth $116,790, according to the complaint filed Aug. 8 in Jefferson County District Court.

On June 24, 2002, Wachovia loaned Statewide $34,200; Statewide received a $60,000 from Wachovia on Aug. 21, 2003; and the bank issued a $67,000 promissory note on May 21, 2002, the suit states. Finally, on April 26, 2006, Wachovia issued a note for $57,600, the complaint says.

However, Statewide has failed to repay the full value of the notes, even though the bank has demanded payment, Wells Fargo claims.

"By reason of the above-described notes, Defendant was indebted to plaintiff as of July 24, 2012, in the total amount of $244,173.66," the suit states.

In addition to the money it claims it is owed, Wells Fargo is seeking attorney's fees of no less than $15,000, plus pre- and post-judgment interest, costs and other relief the court deems just.

Marc P. Henry of Henry and Fuller in Beaumont will be representing it.

The case has been assigned to Judge Donald Floyd, 172nd District Court.

Case No. E192-822

The suit accuses the defendants of breach of contract and unjust enrichment.

The plaintiff seeks recovery of the entire unpaid balance and accrued interest, plus attorney's fees.

Attorney Mark Rechner of the Dallas law firm Vincent Lopez Serafino Jenevein represents the plaintiff.

Judge Bob Wortham, 58th District Court, is assigned to the case.

Case No. A192-862


The above statements do not represent those of Weston Legal or Michael Weston and they have not been reviewed for accuracy. The statements have been published by a third party and are being linked to by our website only because they contain information relating to debt. Nothing in this article should be construed as legal advice given by Weston Legal or Michael Weston. To view the source of the article, please following the link to the website that published the article. Articles written by Michael W. Weston can be viewed here: To report any problem with this article please email



5001 Bissonnet,
Suite 200
Bellaire, Texas 77401

Phone 713.623.4242
Fax 866-579-6411
Principal Office
9901 I.H. 10 West
Suite 800
San Antonio, Texas 78230

Phone 210.787.3539
Fax 866-579-6411
by appointment only
106 E. Sixth Street
Suite 900
Austin, Texas 78701

Phone 512.782.4377
Fax 866-579-6411
by appointment only
320 Decker Drive ,
Suite 100
Dallas, Texas 75062

Phone 214.329.9837
Fax 866-579-6411
by appointment only


May 20, 2014

FTC Permanently Shuts Down Debt Collection Business






2202 N West Shore Blvd,
Ste 200
Tampa, FL 33607

Phone 813.227.4965
Fax 866-579-6411
by appointment only
841 Prudential Drive,
12th Floor
Jacksonville, FL 32207

Phone 904.380.6922
Fax 866-579-6411
by appointment only
618 East South Street
Ste 500
Orlando, FL 32801

Phone 407.241.2380
by appointment only
1111 Brickell Avenue
Miami, FL

Phone 305.913.3725
Fax 866-579-6411
by appointment only




2375 East Camelback Road
Suite 600
Phoenix, Arizona 85016

Phone 602.308.0300
Fax 866-579-6411
by appointment only