We decide here that the antideficiency statutes do not bar an action under the following circumstances:
1) The seller/beneficiary holds two trust deeds on the same real property, each securing a separate note for $300,000;
2) The seller/beneficiary reacquires the property at a nonjudicial foreclosure sale of the senior deed of trust with a credit bid which is less than the full amount of indebtedness...
Let's get started
Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.
- Updated daily.
- Uncompromising quality.
- Complete, Accurate, Current.