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Community Corner

Mayor Montesino Loan Default

As Elections are just around the corner in Watsonville, The Gadfly has heard that the Councilor from District 4 is running again. It seems consistent with District 4 Representative, Eduardo Montesino, who's own financial picture is rife with distress and nonpayment of money's owned, that the City of Watsonville is now in the same position. Moody's recently downgraded the city due to high debt and a high average of low income residents. I would believe that Mr Montesino could qualify for this. But he seems to live a Champagne Lifestyle on a Bubble Gum income. He purchased a home for $800,000 in 2005 and then lost it for nonpayment of loan in 2012.
Who knows what financial shenanigans went on with that. All is revealed at the county records department, if you care to do your research. Be prepared to be shocked. He has another 1 or maybe 2 similar properties. Representative Montesino from Watsonville also has several court cases that seem to be outstanding with money he owes several different groups. Go here and print in his name and you will see who is after him for money:
http://www.santacruzcourt.org/online-services/case-inquiry

So anyhoo here is the Moody's article. Read it and weep.

http://www.twst.com/update/69825-moodys-corporation-moodys-downgrades-to-a2-from-a1-the-rating-on-th...

If you want to know his complete property record it is all public record with Santa Cruz County. If you want to know his civil court cases those too are all public record. I find it interesting that he ran for election the first time when he was already in default on his 800,000$ home. A person with integrity would not do that. If he gets elected again, shame on District 4 in Watsonville.
There is a direct connection between Eduardo Montesino and the down grade by Moody's. If he cant run his own home don't expect him to run yours.

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