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Mead V. Sanwa Bank California

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eBook details

  • Title: Mead V. Sanwa Bank California
  • Author : California Court of Appeals
  • Release Date : January 11, 1998
  • Genre: Law,Books,Professional & Technical,
  • Pages : * pages
  • Size : 76 KB

Description

The owners of a parcel of bare land signed a long-term ground lease with a developer, who planned to improve the property with a commercial building. To facilitate that construction, the owners executed a deed of trust in favor of the developers construction lender. Ultimately, the developer defaulted on the construction loan and the assignee of the lender foreclosed on the owners fee interest.


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