West Virginia Record

Saturday, March 28, 2020

Mortgagors claim lenders inflated value of mortgaged home


By Kristine Gonzales-Abella | Dec 19, 2018

General court 06

PINEVILLE — Mortgagors are suing Beneficial West Virginia Inc., et al, lender, loan servicer and holder, citing alleged abusive loan servicing.

Paul Harvey and Brenda Harvey filed a complaint in Wyoming Circuit Court against the defendants alleging that they willfully provided an inflated appraisal of plaintiffs' home.

According to the complaint, the plaintiffs allege that on April 27, 2004, Paul Harvey and Brenda Harvey entered into a loan agreement with defendants with an initial balance of $53,815.07. As a result of defendants' conduct, plaintiffs suffered worry and stress, annoyance, inconvenience and fear of losing their home. The plaintiffs holds Beneficial West Virginia Inc., et al responsible because the defendants allegedly failed to provide reasonable opportunity to understand the essential terms of the transaction and failed to properly credit mortgage payments.

The plaintiffs request a trial by jury and seek an order declaring that the loan was unenforceable, attorney's fees, costs and such other and further relief deemed just and equitable. They are represented by Daniel T. Lattanzi of Pepper & Nason in Charleston.

Wyoming Circuit Court Case number 18-C-121

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Organizations in this Story

Wyoming Circuit CourtPepper and Nason Attorneys at Law