Law360, New York (July 6, 2012, 1:07 PM EDT) -- If your client is a "sold-out junior lienholder" in California, it may make a big difference whether your client also held the senior lien or is an assignee of the holder of the senior lien.
In two recent decisions, the California Court of Appeal for the Second Appellate District and the California Court of Appeal for the Fourth Appellate District have articulated strikingly different interpretations of the rights of junior lienholders to recover deficiency judgments where the junior lienholder also holds the senior lien.
In Bank of America NA v. Mitchell, the California Court of Appeal for the Second District reaffirmed...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!