Urez Corp. v. Superior Court

Opinion

WOODS, P. J.

This is a writ proceeding by which petitioner seeks to reverse the trial court’s denial of its motion to expunge a lis pendens on property which petitioner owns. The lis pendens was filed by real party in interest who, prior to the foreclosure sale in which petitioner acquired the property, held a second tmst deed securing a loan made to a former owner.

The real property involved in this action is an undeveloped parcel of land in Malibu. On June 22, 1977, a deed of tmst was recorded on the property to secure a $128,000 loan (tmst deed). At the time the tmst deed was…