Transamerica Financial Services, Inc. v. Lafferty

OPINION

JACOBSON, Judge.

This appeal presents two major issues: (1) whether the trustee of a real estate trust is required to take steps to give notice of a trustee’s sale to a second beneficiary, beyond sending notice to the address of that beneficiary as reflected in the deed of trust; and (2) if the sale is valid as to the second beneficiary, whether that beneficiary’s lien revived when the original debtor reacquires the property, and, if so, whether that lien acquired preference to other liens on the property.

FACTS AND PROCEDURAL HISTORY

In 1972, Robert and Rosalinda Guerrero (“the…