THE MORTGAGE LAW FIRM, PLC VS ALL CLAIMANTS TO SURPLUS PROCEEDS AFTER THE TRUSTEE'S SALE OF THE REAL PROPERTY

Case No.: 19GDCP00462    

TENTATIVE RULING

Calendar: 5

Date: 10/30/2020

Case No: 19 GDCP00462

Case Name: The Mortgage Law Firm, PLC v. All Claimants to Surplus Funds

After Trustee’s Sale, etc.

MOTION TO ALLOW PETITIONER TO DEPOSIT SURPLUS TRUSTEE’S SALE PROCEEDS

[Civil Code §2924j, 2924k]

SUMMARY OF FACTS:

Petitioner The Mortgage Law Firm PLC is the foreclosing trustee under a Deed of Trust concerning real property located on Beverly Way in Altadena. The borrower on the trustee’s sale was Bill Frank Chandler. On June 3, 2019, petitioner conducted a trustee’s sale of the subject property, and on June 19, 2019 the Trustee’s Deed Upon Sale was recorded.

The foreclosure resulted in surplus funds, representing the portion of the sale proceeds remaining after payment of the fees and costs of sale and the obligations on the subject first Deed of Trust, in the sum of $393,314........