National Asset Placement Corp. v. Western Securities (USA) Ltd.

OPINION

KAREN ANGELINI, Justice.

National Asset Placement Corporation brought suit against Western Securities (USA) Limited and other past and present property owners seeking a declaratory judgment that the statute of limitations had not expired on their cause of action, and judicial or non-judicial foreclosure.1 The trial court granted summary judg*422ment on limitations and res judicata grounds. National Asset appeals. We affirm the trial court’s judgment.

Factual and PROCEDURAL Background

Western USA is the original owner of the property, and the obligor on the note and the underlying deed of…