SE Texas Record

Saturday, December 14, 2019

Homeowner accuses bank of contract breach

By Carol Ostrow | Mar 12, 2015

Compass bank

A Jefferson County homeowner has sued a bank and nine individuals for alleged breach of contract.

Thomas J. Burbank of Beaumont filed a lawsuit Jan. 29 in Jefferson County District Court against: Compass Bank, doing business as BBVA Compass; Carolyn Ciccio; Tommy Jackson; Margie Allen; Kyle Barclay; Julie Periz; Selim Taherzadeh; Mo Taherzadeh; Michael Linke; and Lori Bishop, alleging violations of state property code, trade practice and business law.

According to the complaint, Burbank owns property in Beaumont, and Compass Bank is holder of the principal amount of $606,480.73. The first eight individual defendants are substitute trustees employed to conduct foreclosure and Lori Bishop is a bank officer, the suit states. Citing supporting paperwork, the complaint states the original note was renewed as of June 20, 2008, with a lower interest rate effective June 1, 2013.

Burbank paid his mortgage regularly thereafter, the suit states, but he was informed his monthly amount had increased by more than one-third, despite the lower interest rate. The plaintiff alleges he tried to contact bank officials unsuccessfully and received confusing communication indicating imminent foreclosure. He charges negligence and misrepresentation.

Burbank seeks: a restraining order in order to keep his property while the matter is resolved; compensation for damages; attorney fees; expenses; and costs. He is represented by attorney Mel W. Shelander of Beaumont.

Jefferson County District Court case number: D-196650


Want to get notified whenever we write about ?

Sign-up Next time we write about , we'll email you a link to the story. You may edit your settings or unsubscribe at any time.