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CITIZENS BUSINESS BANK v. GEVORGIAN

No. B239747.

218 Cal.App.4th 602 (2013)

160 Cal. Rptr. 3d 49

CITIZENS BUSINESS BANK, Plaintiff, Cross-defendant and Appellant, v. ALEXIS M. GEVORGIAN, as Trustee, etc., Defendant, Cross-complainant and Respondent.

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

August 1, 2013.

Attorney(s) appearing for the Case

Frandzel Robins Bloom & Csato, Thomas M. Robins , Tricia L. Legittino and Alan H. Fairley for Plaintiff, Cross-defendant and Appellant.

Julie A. Herzon , for Defendant, Cross-complainant and Respondent.

OPINION

EPSTEIN, P. J. —

This case involves competing claims of lien priority between the seller of real property, which took back a security interest on property sold to a developer, and the bank which financed development of the project through a construction loan. The issue is whether the seller's agreement to subordinate its security interest to that of the bank is enforceable...

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