Bank of New York seeks foreclosure on property

Kelly Holleran Aug. 20, 2014, 4:35pm

The Bank of New York Mellon claims a Port Arthur resident has failed to make required monthly mortgage payments.

The Bank of New York filed an application for an expedited order permitting foreclosure of a lien July 30 in the Jefferson County District Court against Rhonda Dearen. 

In its complaint, the bank alleges it lent Dearen more than $150,000 to purchase her home at 335 Lake Arthur Drive in Port Arthur. However, Dearen has not made a mortgage payment since Jan. 1, 2012, according to the complaint.

The loan has been in default since Jan. 1, 2012, and 31 monthly payments have not been paid, the suit states. The amount required to cure the default is $59,954.09. The total amount to pay off the loan agreement, contract or lien is $179,172.24, according to the filing.

The bank seeks an expedited order so it may proceed with the foreclosure on the property.

It is being represented by attorney Chance Oliver of Angel Reyes and Associates in Dallas.

Jefferson County District Court case number E195-926

This is a report on a civil lawsuit filed at the Jefferson County District Court. The details in this report come from an original complaint filed by a plaintiff. Please note that a complaint represents an accusation by a private individual, not the government. It is not an indication of guilt, and it represents only one side of the story.

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