LOGAN – A Logan County couple's lawsuit against their bank seeks to block foreclosure after a layoff.
Larry Pridemore Jr. and Katrina Pridemore filed a lawsuit April 8 in Logan Circuit Court against Logan Bank & Trust Co., alleging breach of contract.
According to the complaint, the Pridemores struck a deal with Logan Bank in 2000 to assume the mortgage of a family member who was unable to make the payments. Once Larry Pridemore’s income dipped after a 2015 layoff, the suit says, the couple sought a loan modification with Logan Bank.
The bank allegedly refused the modification request, and stated the Pridemores still owe some $20,000 on the original loan amount of $26,480, despite receiving steady monthly payments for 15 years. The plaintiffs claim their payments have been misapplied, but say they have been unable to obtain a statement of account.
The Pridemores seek civil penalties, actual damages and litigation costs. They are represented by attorney Gary M. Smith of Mountain State Justice in Charleston.
Logan Circuit Court Case number 16-C-88-W