KAROUTAS v. HOMEFED BANK

Docket No. A050085.

232 Cal.App.3d 767 (1991)

283 Cal. Rptr. 809

GEORGE A. KAROUTAS et al., Plaintiffs and Appellants, v. HOMEFED BANK, Defendant and Respondent.

Court of Appeals of California, First District, Division Three.

July 23, 1991.


Attorney(s) appearing for the Case

COUNSEL

Stuart A. Safine and Eileen Ring for Plaintiffs and Appellants.

Tobin & Tobin, Paul E. Gaspari and Patricia H. Lyon for Defendant and Respondent.


OPINION

CHIN, J.

This appeal involves the right to sell property under a deed of trust after the borrower's default. We must determine whether a beneficiary with actual knowledge of facts materially affecting the value of property has a duty to disclose those facts to prospective bidders at a trustee's sale. George A. and Anastasios A. Karoutas (the Karoutases) were successful bidders at a trustee's foreclosure sale. They later filed...

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