Investment company sued over alleged failure to pay commission

By Kelly Holleran | Oct 29, 2012

A Jefferson County broker wants the court to authorize a foreclosure on a piece of Beaumont property after he claims an investment company failed to honor a commission agreement. 

Charles D. Foxworth Jr., doing business as Re/Max Beaumont, filed a lawsuit Oct. 15 in Jefferson County District Court against YMB Investments.

Foxworth alleges he entered into a commission agreement with YMB in which YMB agreed to pay Foxworth when he found a tenant to lease his premises. Payment was to be made upon the lease commencement date, according to the complaint.

Although Foxworth found a tenant who did commence a lease, YMB failed to pay him the $5,500 it owes, the suit states.

According to the commission agreement, “broker is entitled to claim a lien against the property to secure payment of an earned commission,” the complaint says.

Foxworth claims he has demanded the money he claims he is owed, but still has not been paid.

Now, he seeks a foreclosure on the property at 470 Orleans in Beaumont, which is the property owned by YMB. He also seeks attorney’s fees, court costs, pre- judgment interest and other relief the court deems just.

Wyatt D. Snider of Snider Law Firm in Beaumont will be representing him.

Judge Bob Wortham, 58th District Court, has been assigned to the case.

Case No. A193-361

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