CHARLESTON – A Cross Lanes resident alleges that the value of her home was inflated and she was inducted to enter into a loan that exceeded her home's actual value.
Gloria Pennington filed a complaint in Kanawha Circuit Court against Beneficial West Virginia Inc., Select Portfolio Servicing and Ralph Guynn alleging fraud and other counts.
According to the complaint, the plaintiff sought to refinance her house and her late husband responded to a solicitation by. Beneficial West Virginia Inc. Beneficial West Virginia Inc. arranged for Guynn to appraise the plaintiff's home and he appraised it in February 2006 at $102,500. The plaintiff alleges the actual value of the house is less than $50,000, and the true value was not disclosed until December 2017.
The suit states Beneficial serviced the loan until November 2017 and that it is now serviced by Select Portfolio Servicing.
The plaintiff holds Beneficial West Virginia Inc., Select Portfolio Servicing and Guynn responsible because the defendants allegedly misrepresented and suppressed the central term of the transaction regarding the home's value and intentionally inflated it.
The plaintiff requests a trial by jury and seeks actual and punitive damages, litigation costs and all further relief as the court may deem just and equitable. She is represented by Loree Stark and Daniel F. Hedges of Mountain State Justice Inc. in Charleston. The case has been assigned to Circuit Judge Carrie L. Webster.
Kanawha Circuit Court Case number 17-C-1727
