California Supreme Court
May 7, 2019
State high court overturns precedent, siding with lender
The state Supreme Court overturned a 27-year-old precedent on Monday, siding with a creditor holding both junior and senior liens on the same property.
The state Supreme Court overturned a 27-year-old precedent on Monday, siding with a creditor holding both junior and senior liens on the same property.
In a unanimous opinion written by Justice Goodwin H. Liu, the court held Black Sky Capital LLC could seek to collect a deficiency judgment on the junior lien, even though it is barred from doing so on the senior lien....
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