California Court of Appeal

When a single lender contemporaneously makes two nonpurchase money loans secured by two deeds of trust referencing a single real property and soon thereafter assigns the junior loan to a different entity, the assignee of the junior loan, who is subsequently "sold out" by the senior lienholder's nonjudicial foreclosure sale, can pursue the borrower for a money judgment in the amount of the debt owed. Trial court's grant of summary judgment to defendant is reversed.

Appellate Information

• Decided 06/20/2012
• Published 06/20/2012

Judges

• IKOLA

Court

• California Court of Appeal

Counsel