Tennessee lender alleges that pair breached loan agreement

By Philip Gonzales | Mar 1, 2019

CHARLESTON — A Tennessee corporation is suing borrowers, citing alleged breach of contract.

Vanderbilt Mortgage and Finance Inc. filed a complaint in Kanawha Circuit Court against Richard Dennis Paxton Jr. and Angel Renea Fortzetting, alleging that they breached a consumer loan note, a security agreement and a disclosure statement.

According to the complaint, Vanderbilt alleges that on March 20, 2014, it loaned the defendants the principal sum of $64,529.10 for their purchase of a 2014 Clayton Mobile Home. As a result of the defendants' actions, Vanderbilt has been damaged by not receiving payments for the loan. 

The plaintiff holds Richard Dennis Paxton Jr. and Angel Renea Fortzetting responsible because they allegedly failed to make monthly payments when due, failed to cure the default and wrongfully retained possession of the mobile home.

The plaintiff requests a trial by jury and seeks an order requiring the defendants or anyone else in possession of the mobile home to vacate it immediately and such other just and appropriate relief. It is represented by Marc B. Lazenby of Lazenby Law Office in Princeton.

Kanawha Circuit Court Case number 19-C-49

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