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SUMMIT FINANCIAL HOLDINGS, LTD. v. CLTC

No. D036868.

105 Cal.Rptr.2d 352 (2001)

87 Cal.App.4th 1379

SUMMIT FINANCIAL HOLDINGS, LTD., Plaintiff and Respondent, v. CONTINENTAL LAWYERS TITLE COMPANY, Defendant and Appellant.

Court of Appeals of California, Fourth District, Division One.

Review Granted June 13, 2001.

Attorney(s) appearing for the Case

Wolf, Rifkin & Shapiro, Los Angeles, and Marc Eliot Rohatiner, for Defendant and Appellant.

Doumani & Grandon, Robert M. Grandon, Diamond Bar; Callahan & Blaine and Jim P. Mahacek, Santa Ana, for Plaintiff and Respondent.

McDONALD, J.

In 1994 Dr. Furnish, the maker of a promissory note secured by a deed of trust on real property in Corona Del Mar (referred to as the note, the deed of trust and the property, respectively), refinanced his secured obligations by obtaining a new loan from a new lender, a portion of the proceeds of which was to pay the note in full. Appellant Continental Lawyers Title Company (CLTC) provided escrow services for the refinance transaction and was instructed...

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