GALVESTON -- A La Marque couple is suing two people, seeking money it says was never repaid on a promissory note.
Alan and Yolanda Waters filed a lawsuit Sept. 21 in Galveston County District Court against Dean Torres of Texas City and Deborah Torres of New Carney.
According to the complaint, on March 1, 2014, the plaintiffs and the defendants executed a promissory note amount of $28,000 payable with 6 percent annual interest on or before Aug. 30, 2014. If that loan wasn't paid in a timely manner, more interest would accrue, the suit says.
On June 3, 2014, the lawsuit states, the plaintiffs agreed to loan the defendants $18,000 due Aug. 30, 2014. This loan was secured with a lien on real property.
As of the filing date of this court case, the suit says the defendants have failed to pay interest, principal, penalties or fess on all amounts due.
To secure the debt, Alan and Yolanda Waters seek to foreclose on the security agreement on the property, plus attorney fees and court costs. They are represented by attorneys Darrell A. Apffel, S. Benjamin Shabot, Lauren F. Arisco and D. Blake Apffel, of Bettison, Doyle, Apffel & Guarino PC in League City.
Galveston County District Court Case number 15-CV-1008