In Re Jackson

MEMORANDUM DECISION ON MOTION FOR RELIEF FROM THE AUTOMATIC STAY

THOMAS C. HOLMAN, Bankruptcy Judge.

A typical assignment of a promissory note secured by a mortgage or deed of trust on real property does not, by itself, confer on the assignee standing to enforce the note and deed of trust in federal court.

I. Factual Background

Before the court is the motion (Dkt. 15) of “OneWest Bank, FSB, its successors and/or assigns, as purchaser of certain assets of First Federal Bank of California from the Federal Deposit Insurance Corporation, as Receiver” (“OneWest”) for relief from the automatic stay…