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DECON GROUP, INC. v. PRUDENTIAL MORTGAGE CAPITAL CO., LLC

No. B248491.

227 Cal.App.4th 665 (2014)

174 Cal. Rptr. 3d 205

DECON GROUP, INC., Plaintiff and Respondent, v. PRUDENTIAL MORTGAGE CAPITAL COMPANY, LLC, et al., Defendants and Appellants.

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

June 30, 2014.

Attorney(s) appearing for the Case

Fidelity National Law Group and J. Walter Gussner for Defendants and Appellants.

Law Offices of John R. Lobherr and John R. Lobherr for Plaintiff and Respondent.

OPINION

ROTHSCHILD, Acting P. J. —

AZ Wellesley Plaza, LLC (Wellesley), owned real property in Los Angeles (the Property) subject to a first deed of trust and a junior mechanic's lien. Wellesley defaulted on the loan secured by the trust deed. Faced with foreclosure on that senior debt, Wellesley gave the trust deed beneficiary title to the Property by means of a grant deed in lieu of foreclosure. The grantee/beneficiary then foreclosed...

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