Baskurt v. Beal

OPINION

MATTHEWS, Justice.

I. INTRODUCTION

Annette Beal purchased two adjoining parcels of property in 1991 for $95,000 and *1038$135,000. The promissory notes on the two parcels were secured by a single deed of trust covering both parcels. In 1994 Annette paid off the $95,000 note. In 1999 Annette defaulted on the $26,780.81 debt remaining on the other note. The trustee under the deed of trust foreclosed on both parcels. Sarah Baskurt, Robert Wainscott, and Allen Rosenthal purchased the property at the foreclosure sale for $26,781.81, one dollar over the remaining debt on the property. The trial…