Sean Marchionte v. Francisco Jaramillo

The defendant, Francisco Jaramillo (Jaramillo or defendant), appeals from a Superior Court judgment entered in favor of the plaintiff, Sean Marchionte (Marchionte or plaintiff). In his complaint, Marchionte alleged that on January 8, 2007, he gave Jaramillo $115,000 in exchange for a promissory note secured by a mortgage on four properties. After the promissory note's maturity date lapsed and Jaramillo failed to make payments, Marchionte issued to Jaramillo a deficiency notice and demand for payment of the promissory note's outstanding amount. Jaramillo failed to pay the amount due, and…