An auto lender claims a woman still owes it more than $10,000 after it repossessed her vehicle and sold it.
Autovest filed a lawsuit Aug. 8 in Jefferson County District Court against Debbie Clay.
In its complaint, Autovest alleges Wells Fargo Bank lent Clay money to buy a vehicle on Aug. 21, 2007. Since then, Clay defaulted on the monthly payments she owed to Wells Fargo, according to the complaint.
Eventually, Autovest came into possession of the Wells Fargo loan, the suit states. It accelerated Clay’s loan, repossessed her vehicle and sold it at an auction, the complaint says.
“Thereafter, lender gave buyer notice that the motor vehicle was sold, provided the loan deficiency balance of $11,797.53 and requested payment,” the suit states.
Autovest claims Clay still has not paid it the money it is owed, which is a result of the difference between the sale price at the auction and the amount remaining on her loan.
In addition to the money it claims Clay owes it, Autovest seeks costs, pre-judgment interest of $8,263.64, post-judgment interest at the rate allowed by law and other relief the court deems just.
Johnetta Lang and Kristin Williams of Houston will be representing it.
Judge Milton Shuffield, 136th District Court, has been assigned to the case.
Case No. D194-619
Lender claims woman owes money following sale of vehicle
ORGANIZATIONS IN THIS STORY