Brown v. Johnson

Opinion

REYNOSO, J.

We are presented with a single issue upon undisputed facts: whether a person who conveys real property in exchange for promissory notes without obtaining security for payment of those notes can establish a vendor’s lien against subsequent purchasers of the property for value who do not have actual notice of the unpaid promissory notes by recording a “notice of vendor’s lien” with the county recorder. We hold that the recordation of a notice of vendor’s lien does not provide constructive notice to bona fide purchasers for value, and thus we reverse the judgment.

Since it was…