Bank seeks repayment of note and foreclosure of property

Kelly Holleran Jun. 11, 2012, 5:21pm

JPMorgan Chase Bank has filed suit against the company that borrowed money from it and the person who guaranteed a note, alleging it is owed more than $35,000.

JPMorgan alleges it lent defendant CMC Contractors a promissory note worth no more than $50,000 on July 17, 2006. Defendant Christine McDaniel guaranteed the note, promising to repay any money if CMC defaulted, according to the complaint filed June 6 in Jefferson County District Court.

Since then, however, CMC has stopped making payments and owes JPMorgan $35,856.04, the suit states. McDaniel has also failed to repay the money, the complaint says.

In addition to the money it says it is owed, JPMorgan is seeking a foreclosure on the property that CMC used to secure the loan, attorney's fees, costs, post-judgment interest at the highest rate allowed by law and other relief the court deems just.

Rachel R. Rosen of Rodrigo Suarez in Houston will be representing the bank.

The case has been assigned to Judge Gary Sanderson, 60th District Court.

Case No. B192-536

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