Bt Capital v. Td Service Co. of Arizona

OPINION

BALES, Justice.

¶ 1 This case concerns commercial property that was subject to a deed of trust and auctioned at trustee’s sales twice in 2009. Alleging it was the successful bidder at the second sale, BT Capital, LLC (“BT”) sued the trustee and the trust beneficiary seeking title to the property and damages. We hold that this ease was rendered moot when the property was purchased by the beneficiary at a third trustee’s sale in 2010.

I

¶ 2 Point Center Financial, Inc. (“PCF”) was the beneficiary of a deed of trust for commercial property in Chandler, Arizona, securing PCF’s loan for $32…