05/03/2024
Call Jeff Smith Now 800-300-2300
ANNOUNCEMENT
CURD, GALINDO & SMITH CLIENTS OBTAIN OVER $440,000.00 (AND COUNTING) IN LOAN CANCELLATIONS FROM MOSAIC/WEB BANK FOR BOGUS HOME IMPROVEMENTS CONTRACTS WITH VIRIDI CONSTRUCTION.
Since just the beginning of 2024 Curd, Galindo & Smith has been retained by multiple clients who are the victims of a Viridi Construction Company scam to build ADU units throughout California. In all of our client’s cases, salespersons convinced homeowners to sign a Home Improvement Contract with Viridi Construction, Company AND one or more Home Improvement Loan contracts with lender(s) Mosaic/WebBank. Mosaic distributed the full loan proceeds to Viridi, and Viridi almost immediately abandoned the ADU projects. For over a year Viridi strung our clients along with excuse after excuse as to why no construction was ever commenced. By mid-2023 Viridi had lost its contractor’s license and completely abandoned its customers, and stopped returning calls or e-mails.
At about that time, the first payments to Mosaic/WebBank were becoming due. Mosaic began demanding loan repayment for money it distributed to Viridi for construction projects that were never substantially started. Mosaic and Web Bank went to great efforts to distance themselves from Viridi Construction. Our clients who protested to Mosaic, were told that their loans were enforceable and that they had to repay, despite the fact that Viridi had essentially stolen the money.
Curd, Galindo & Smith aggressively challenged Mosaic and Web Bank. We pushed back to Mosaic and demanded that Mosaic stop all collection activity and that Mosaic cancel these loans AND refund any payments made on these loans. We provided Mosaic and WebBank with legal research and precedent to support our position that these loans are not enforceable.
In just the last 90 days, our clients have received written cancellation of no less than eight Mosaic/WebBank loans, totaling over $440,000.00 in potential obligations for our clients. Our clients have received FULL REFUNDS (over $15,000.00) for payments they made to Mosaic before hiring us.
If you are a homeowner who signed a Home Improvement Contract with Viridi Construction, and one or more Home Improvement Loan Agreements with Mosaic/WebBank, only to have Viridi Construction abandon your project, we are happy to offer a FREE PHONE CONSULTATION about your rights. Please e-mail Curd Galindo & Smith partner Jeffrey B. Smith at [email protected] to schedule your consultation. Or, you can call Jeffrey B. Smith at 562-624-1177, Ext. 130. For our Spanish speaking clients please e-mail associate Max Galindo at [email protected] or call 562-624-1177, Ext. 140 to schedule your consultation.
