California Court of Appeal

Summary judgment in favor of defendants is reversed where plaintiff's letter informing an escrow agent that it had received "payoff funds" does not meet the statutory requirements of a payoff demand statement, and there exists triable issues of fact as to whether the parties could reasonably have relied on the letter to close escrow.

Appellate Information

• Decided 07/23/2004
• Published 07/23/2004

Judges

• CROSKEY, J.

Court

• California Court of Appeal

Counsel

• For Appellees:
  
•  Greenwald, Pauly, Foster & Miller, Joshua D. Wayser and Jeffrey J. Lewis, Santa Monica, for Plaintiff Cross-defendant and Appellant., Cunningham & Treadwell, Francis J. Cunningham III and Ryan L. Arnett, Woodland Hills, for Defendants Cross-complainants and Appellants.