News & Press: Blog

Black Sky Case in California Provides Good News for Real Property Lenders

Monday, July 29, 2019   (0 Comments)
Posted by: Chip Deale
Share |

In the newest ACMA Community Blog post, ACMA Fellow Ken Miller writes that the California Supreme Court's recent decision in the Black Sky Capital case is very important for real property lenders and provides good news for those lenders. This is a result of the court's ruling that California code does not preclude recovery for a secured lender holding a junior deed of trust, following the lender's non-judicial foreclosure of the senior deed of trust on the same property.

Miller advises real property lenders holding two deeds of trust on the same property to be well aware of the Black Sky decision.

To subscribe to the Community Blog, Fellows should log-on to the ACMA website; select "Manage Profile" on the right-hand side of the home page; click on the Blog icon; choose the Community Blog ("What's Up?"); and select "Subscribe" to read the blog posts to-date and receive updates on future posts. Subscribers also may post comments in response to the blogs. In addition, ACMA Fellows are encouraged to write new blogs to be posted.

Fellows with questions about the ACMA Community Blog or needing assistance with subscribing or adding a blog post should contact ACMA at acma@acmaatty.org or (301) 990-9075.