Westinghouse Credit Corp. v. Barton
District Court, C.D. California
1Opinion of the Court
ORDER ON MOTION FOR SUMMARY JUDGMENT
TAYLOR, District Judge..This case is one in a series testing the scope of California’s anti-deficiency statutes (Code of Civil Procedure §§ 580a-580d and 726). It presents the novel question whether § 580d, which prohibits a deficiency judgment after non-judicial foreclosure of real property, applies to a guarantor who is also a general partner of a partnership primary debtor if the loan is “non-recourse.” The court holds the “non-recourse” provision does not prevent operation of the anti-deficiency statute, and grants summary judgment for defendant.
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2Cases cited12 opinions
- Roseleaf Corp. v. ChierighinoCalifornia Supreme Court · 1963
- Valinda Builders, Inc. v. BissnerCalifornia Court of Appeal · 1964
- Union Bank v. GradskyCalifornia Court of Appeal · 1968
- Torrey Pines Bank v. HoffmanCalifornia Court of Appeal · 1991
- Commonwealth Mortgage Assurance Co. v. Superior CourtCalifornia Court of Appeal · 1989
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3Cited by4 opinions
- Federal Deposit Insurance Corporation v. Pritam SinghCourt of Appeals for the First Circuit · 1992
- Prestige Ltd. Partnership-Concord v. East Bay Car Wash Partners (In Re Prestige Ltd. Partnership-Concord)United States Bankruptcy Court, N.D. California · 1997
- In re BrockUnited States Bankruptcy Court, D. Colorado · 2013
- Federal Deposit Insurance Corporation v. Pritam SinghCourt of Appeals for the First Circuit · 1992