Washington Mutual Bank v. Jacoby

Opinion

BIGELOW, J.

Scott Jacoby appeals from an entry of summary judgment against him. In an interpleader action initiated by Washington Mutual Bank (Washington Mutual), defendants Jacoby and State Farm General Insurance Company (State Farm) both claim an entitlement to excess funds Washington Mutual received in satisfaction of a promissory note secured by a deed of trust it held. Both defendants filed motions for summary judgment. The trial court denied Jacoby’s motion and granted summary judgment to State Farm. We affirm the judgment.

FACTUAL AND PROCEDURAL BACKGROUND

The facts are undisputed.…