Nautilus, Inc. v. Chao Chen Yang

Opinion

FYBEL, J.—

Introduction

Nautilus, Inc. (Nautilus), obtained a judgment against Stanley Kuo Hua Yang, and recorded an abstract of judgment against real property on which Stanley and his brother, Peter Chun Hua Yang, held title. Stanley and Peter transferred title on the property to their father, Chao Chen Yang, who obtained a reverse mortgage loan on the property from Security One Lending (Security One). In its title search, the title insurance company missed Nautilus’s abstract of judgment when the reverse mortgage loan funded.

Stanley’s transfer of the property to Chao Chen was a…