Van Noy v. Goldberg

THOMPSON (R. L.), J.

This is an appeal from a judgment in favor of the defendants in a suit to set aside a trustee’s conveyance of real property which was executed upon foreclosure sale for default in the payments of principal and interest secured by a trust deed. The appellants contend that the trust deed was executed in violation of the California “Usury Law” (Leering’s Gen. Laws 1923', Act 3757, p. 1384), and therefore void.

The appellants were the owners of lot 3, block “C” of Kurtz and Bradshaw’s subdivision of the Schumacher tract of Los Angeles, California, which was subject to a…