Wrongful foreclosure claim against Wells Fargo removed to federal court
A Jefferson County man who sued over claims his property was wrongfully foreclosed on recently had his suit removed to federal court.
Todd D. Bryson filed a lawsuit Nov. 6, 2014, in Jefferson County District Court against Wells Fargo Bank and Action Restoration Inc., citing wrongful foreclosure.
Court records show that on March 11 Wells Fargo filed a court notice of removal, stating Bryson’s claims against it had been removed to the U.S. District Court for Eastern Texas, Beaumont Division.
According to the complaint, in 2008 Bryson, who was CEO of Action Restoration, entered into a loan with Wells Fargo’s predecessor, Wachovia Bank, whereby Bryson and Action borrowed $700,000 to pay Action’s debt and construct a residence on Bryson’s land on state Highway 365 in Fannett in exchange for a security interest in the property.
In his suit, Bryson says the deed of trust incorrectly lists another one of his tracts of land in addition to the property in question and, after Action and Bryson parted ways, Action defaulted on the loan, which Bryson was unaware of until Wells Fargo foreclosed both tracts.
Bryson seeks a rescission of the foreclosure sale, a restraining order and damages.
Attorney Wyatt D. Snider of Snider Law Firm in Beaumont represents him.
Jefferson County District Court case number: B-196373