FAYETTEVILLE – The son of a deceased
property owner is suing over alleged predatory lending practices by
Jerome Fruit, administrator of the
estate of Nannie Fruit, filed the suit May 12 in Fayette Circuit
Count against Citifinancial Inc.
When Nannie Fruit died in March 2015,
she had a mortgage on a home at 44 Washington Road, Scabro, that
Citifinancial had convinced her to refinance, according to the
complaint. Even though the actual value of the property in 2007 was
no more than $10,000, the suit alleges that Citifinancial obtained an
inflated appraisal for $39,000, and then originated a loan with
Nannie Fruit for nearly $30,000.
Nannie Fruit had dementia at that time
and was unsophisticated in banking matters and Citifinancial took
advantage of her situation, according to the complaint. After Nannie
Fruit died, her son attempted to make payments on the house, but
Citifinancial representatives refused to provide information,
including how much was still owed on the loan, the suit alleges.
Rather than permit Jerome Fruit to make
payments on the loan, according to the complaint, Citifincial
foreclosed on the house on April 29.
The counts this suit brings against
Citifinancial include unconscionable inducement, fraud and illegal
loan. In addition to a trial by jury, Fruit seeks declaration that
Citibiank's contract is illegal, actual and punitive damages,
equitable relief, attorney fees and court costs and other relief the
court deems equitable.
He is represented by Bren J. Pomponio
and Daniel F. Hedges of Mountain State Justice Inc. in Charleston.
Fayette Circuit Court Case number