IPI Liberty Village Associates v. Spalding Corners Associates

KENNEDY, Chief Judge.

IPI Liberty Village Associates, a California limited partnership, brings this suit to set aside what it claims was the wrongful sale in foreclosure of a mobile home park owned by it. The buyer at the August 1, 1986, foreclosure sale was Spalding Corners Associates, another California limited partnership, which is one of the defendants in the case — although the trustee’s deed ran to the owners of the note secured by the foreclosed deed of trust, in proportion to their respective ownerships therein, to wit, Spalding Comers 58.34 percent, Dyan-na S. Wong 22.22 percent, and…