Condor Enterprises, Ltd. v. Valley View State Bank
California Court of Appeal
1Opinion of the Court
Opinion
WOODS (A. M.), P. J.
Valley View State Bank (Valley View) appeals an order awarding sanctions to Condor Enterprises, Ltd. (Condor) under Code of Civil Procedure section 128.5.
Valley View and Condor were, respectively, senior and junior lienholders on a property owned by Santiago Valley I (Santiago). Valley View held a $5.2 million first deed of trust on the property, a mobilehome park, and Condor held a $5 million second deed of trust on the same property.
On January 20, 1992, Valley View’s note came due. Santiago failed to make payment and, on February 4, 1992, Valley View issued a…
2Cases cited7 opinions
- In re BerryCalifornia Supreme Court · 1968
- Fortenbury v. Superior CourtCalifornia Supreme Court · 1940
- Oksner v. Superior CourtCalifornia Court of Appeal · 1964
- Union Pacific Railroad v. State Board of EqualizationCalifornia Supreme Court · 1989
- Griffin v. LimaCalifornia Court of Appeal · 1954
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3Cited by4 opinions
- Smith v. Adventist Health System/WestCalifornia Court of Appeal · 2010
- In Re Marriage of GoddardCalifornia Supreme Court · 2004
- People v. GonzalezCalifornia Supreme Court · 1996
- Jakoby v. GoddardCalifornia Supreme Court · 2004