Cheronda Guyton, the vice president of Wells Fargo & Co, is earning high criticism for moving into foreclosed luxury house built in Malibu, California. Malibu, which is a gated colony of densely built luxury homes, is home to celebrities and high shots of almost every field of life. More recently, the original owner of one of these beach houses were forced to leave the house due to their financial disabilities and the house was closed by Wells Fargo & Co. until the residents pay the dues back.
The house was foreclosed and wasn’t available for rent until recently when a woman named Cheronda Guyton moved in with her husband and two children. According to the Associated Press, Cheronda Guyton has been placing parties at the beach house and often guests are seen at her resident. The residents of local colony have told the newspaper that Guyton is one of the executives of Fargo Wells & Co and that a Volvo with a registry date of year 2007 is also seen often in the garage. Upon investigation, it was learned that the car belongs to Ms. Guyton. When the media tried to contact Cheronda Guyton, all the calls made to her office number were unsuccessful while there’s no number listed against her present home address. Previous residents of the home have accused the bank of acting against the agreement which states that the home will not used for any marketing purposes. However, the bank says that the agreement was valid for only a certain period of time and that the bank was listing the house for sale.
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