Tuesday, June 20, 2017
Black Sky Capital v. Cobb
Cal.App. 4th Dist., Div. 2 (E064482) 6/13/17
Where a lender who holds both a senior and junior deed of trust nonjudicially forecloses on the senior lien and wipes out its junior lien, the lender may enforce the junior note. Civil Code Section 580d does not apply to preclude a sold-out junior lienholder from enforcing the junior debt, even where the lienholder foreclosed under its own senior deed of trust.