TRIPLE a MANAGEMENT CO. v. Frisone
California Court of Appeal
[Opinion certified for partial publication.*]
1Opinion of the Court
Opinion
VARTABEDIAN, J.
The assignee of a security interest in a deed of trust unilaterally signed an agreement subordinating the deed of trust to a subsequent deed of trust. Thereafter, the assignor paid its secured debt and the earlier deed of trust was reconveyed to it. When the trustor of the subsequent deed of trust defaulted, the assignor asserted its lien had first priority. However, the beneficiary of the subsequent deed of trust contended, in reliance on the subordination agreement, that it had first priority. Among other findings, the trial court determined the subordination agreement…
2Cases cited30 opinions
- Atlas Thrift Co. v. HoranCalifornia Court of Appeal · 1972
- Belair v. Riverside County Flood Control DistrictCalifornia Supreme Court · 1988
- Caito v. United California BankCalifornia Supreme Court · 1978
- Revert v. HesseCalifornia Supreme Court · 1920
- Miramar Hotel Corp. v. Frank B. Hall & Co.California Court of Appeal · 1985
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3Cited by24 opinions
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- Gregg v. CloneyCalifornia Court of Appeal · 2001
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