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FIRST BANK v. EAST WEST BANK

No. B226061.

199 Cal.App.4th 1309 (2011)

FIRST BANK, Plaintiff and Respondent, v. EAST WEST BANK, Defendant and Appellant.

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

October 17, 2011.

Attorney(s) appearing for the Case

Luce, Forward, Hamilton & Scripps, David R. Krause-Leemon and Suzanne Badawi for Defendant and Appellant.

Songstad & Randall, William D. Coffee and Linda D. Pasin for Plaintiff and Respondent.

OPINION

ALDRICH, J.—

INTRODUCTION

In this case we hold, where two deeds of trust secured by the same real property were simultaneously time-stamped for recording by the Los Angeles County Recorder's Office but were indexed at different times, that the lenders have equal priority. One of the lenders, defendant East West Bank, appeals from the judgment of the trial court declaring that the two trust deeds have equal priority....

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