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ARMSEY v. CHANNEL ASSOCIATES, INC.

Docket No. B016014.

184 Cal.App.3d 833 (1986)

229 Cal. Rptr. 509

STANLEY J. ARMSEY, Plaintiff and Respondent, v. CHANNEL ASSOCIATES, INC., Defendant and Appellant.

Court of Appeals of California, Second District, Division Six.

August 21, 1986.

Attorney(s) appearing for the Case

COUNSEL

Arthur H. Weed for Defendant and Appellant.

Cappello & Foley and Scott B. Campbell for Plaintiff and Respondent.

OPINION

STONE, P.J.

Here we are asked to decide the proper method of determining indebtedness remaining after foreclosure sale of an all-inclusive deed of trust where the foreclosing beneficiary remains liable on the underlying liens. Channel Associates, Inc., appellant herein and trustor under an all-inclusive deed of trust on property sold by respondent, Armsey, contends that a beneficiary of an all-inclusive deed of trust has no...

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