August 28, 2012

Loan company seeks to collect on home used as collateral

A Texas corporation is attempting to collect collateral after it claims a Livingston resident has failed to abide by a contract.

Green Tree Servicing filed a lawsuit Aug. 13 in Jefferson County District Court against Cynthia M. Smith, Mike Smith and Leslie Smith.

In its complaint, Green Tree alleges it entered into a retail installment contract with Cynthia M. Smith. In turn, she offered a 2000 Fleetwood Homes of Texas No. 12 Carriage Hill model as collateral, according to the complaint.

Since then, Cynthia Smith has transferred her collateral to Mike and Leslie Smith, the suit states. She has also failed to abide by the contract, the complaint says.

In turn, Green Tree has attempted to collect the collateral from Mike and Leslie Smith, but they have refused to peacefully hand it over, Green Tree alleges.

In addition to the collateral, Green Tree seeks a judgment for any delinquency due under the contract, plus attorney's fees and other relief the court deems just.

Natalie D. Paul of Johnson & Silver in Dallas will be representing her.

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

Case No. A192-861


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