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WESTERN FARM CREDIT BANK v. CAMPBELL

91-09-10136E; CA A75757.

861 P.2d 1041 (1993)

124 Or. App. 17

WESTERN FARM CREDIT BANK, successor by merger to the Federal Land Bank of Sacramento, a federally chartered instrumentality under the Farm Credit Act of 1971, Appellant, v. Douglas CAMPBELL, aka G. Douglas Campbell, and Pamela Campbell, aka Pamela D. Campbell, husband and wife, United States National Bank of Oregon, N.A., and the Federal Land Bank of Spokane, a corporation, predecessor by merger to Farm Credit Bank of Spokane, Respondents.

Court of Appeals of Oregon.

Decided October 20, 1993.

Reconsideration Denied January 12, 1994.

Attorney(s) appearing for the Case

Howard G. Arnett, argued the cause for appellant. With him on the briefs were Brian L. Gingerich and Karnopp, Petersen, Noteboom, Hubel, Hansen & Arnett, Bend.

A. Duane Pinkerton, II, argued the cause for respondents Douglas Campbell and Pamela Campbell. With him on the brief was Sellar, Hazard, Snyder, Kelly & Fitzgerald, Walnut Creek, CA.

No appearance by respondent U.S. Nat. Bank of Oregon, N.A.

No appearance by respondent the Federal Land Bank of Spokane.

Before WARREN, P.J., and EDMONDS and LANDAU, JJ.

WARREN, Presiding Judge.

Plaintiff appeals from a summary judgment for Douglas and Paula Campbell (defendants). ORCP 47 C. Plaintiff asserts that the trial court improperly applied California anti-deficiency statutes when it concluded that plaintiff could not foreclose a mortgage on defendants' Oregon property. We agree and reverse.

It is undisputed that defendants borrowed $652,000 from plaintiff to purchase a ranch in California (the California property...

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