Marentes prior to giving the Ygrene
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The latest arises from the fresh Ygrene Financing was basically allowed to be made use of to possess on the web repayment finance inside Fort Wayne energy conserving enhancements in order to the house, together with a space
· “Because of the Ygrene Loan, Ygrene received an excellent lien secured by the Possessions in elder position to Anchor’s Deed out-of Faith. Plaintiff is actually told and you can believes, and you may depending on that alleges, one zero solar system is actually hung. ” (Id. at the ¶ twenty-eight.)
· “Wise Solar power and/otherwise Maldonado leased Defendant Luis Meza Marentes, d/b/a great Marentes Design, to perform the brand new solar installment manage the property, with the Ygrene Mortgage proceeds. Mr. Marentes is actually a licensed company (License Zero. 961891). He has got acquired a number of abuses regarding Contractors Condition Licenses Board over time, also but not limited to employing which have nonlicensees, failure in order to secure experts settlement exposure, through its low-joined salespersons and you may misusing their contractor’s license. His license had previously been frozen. Regardless if Mr. Marentes are announced so you can Ygrene as the specialist who would the solar installment manage the home, it’s unclear if or not Ygrene grabbed one tips after all in order to veterinarian Mr. ” (Id. from the ¶ 29.)
· “[R]ather than disburse the income regarding Ygrene Mortgage in order to Mr. Marentes in the levels, due to the fact Greatest Behavior Assistance recommend, Ygrene alternatively produced a lump sum disbursement so you’re able to Smart Solar power. The end result of Ygrene’s run depending on the Ygrene Mortgage is your currency was not used to help the value of the home having a solar system, the cash is taken because of the Maldonado and you can Marentes, and you can Plaintiff are kept with good junior lien so you can Ygrene’s today elder $116, lien simple weeks pursuing the Point Mortgage was created.” (Ibid.)
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