Bayview Loan Servicing, LLC v. Reed

Defendants Raymond and Maria Carmen Reed borrowed money from a bank, executing a personal promissory note and a trust deed on their residence to secure that payment obligation. They later defaulted on the loan. In addition, Raymond—but not Maria Carmen—filed for bankruptcy and obtained a discharge of his obligation on the promissory note. Plaintiff, who is the current holder of the note, then initiated this judicial foreclosure proceeding against defendants seeking to foreclose the trust deed. In the complaint, plaintiff explained that it did not want a money judgment against Raymond…