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GRAMERCY INVESTMENT TRUST v. LAKEMONT HOMES NEVADA, INC.

No. E051384.

198 Cal.App.4th 903 (2011)

130 Cal. Rptr. 3d 496

GRAMERCY INVESTMENT TRUST, Plaintiff and Respondent, v. LAKEMONT HOMES NEVADA, INC., et al., Defendants and Appellants.

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

August 24, 2011.

Attorney(s) appearing for the Case

Saied Kashani , for Defendants and Appellants.

Morrison & Foerster, Miriam A. Vogel , Gregory B. Koltun , Benjamin J. Fox , and Douglas J. Beteta , for Plaintiff and Respondent.

OPINION

RAMIREZ P. J.—

Following a foreclosure proceeding which resulted in a deficiency, plaintiff Gramercy Investment Trust (Gramercy) sued to recover the unpaid balance of a real estate mortgage loan, naming as defendants Lakemont Homes Nevada, Inc., and Lakemont Communities Nevada, LLC (collectively referred to as Lakemont), who were the guarantors of the loan. Gramercy made a motion for summary judgment for the full balance of the...

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