California Courts of Appeal
Jun. 15, 2017
State appellate ruling could help lenders in foreclosures
In a ruling that could change real property law, a state appellate court has ruled that lenders who use a trustee's sale to foreclose on a defaulted superior loan now have the power to also recoup a second mortgage on the same property.
Daily Journal Staff Writer
In a ruling that could change real property law, a state appellate court has ruled that lenders who use a trustee's sale to foreclose on a defaulted superior loan now have the power to also recoup a second mortgage on the same property.
"This is definitely a sea change case," said Ronald Richards of the Law Offices of Ronald Richards & Associates, who represented winni...
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