Author: Nicole Jessen

Facts: A borrower obtained a loan from a lender secured by senior and junior trust deeds on their property. In the loan application, the borrower stated they did not know the seller, although the seller was a family member of the borrower. The borrower stopped making payments and the senior trust deed was foreclosed. The junior trust deed note was then sold to a collector.

Facts: A listed property was inspected by a licensed contractor. The contractor reported the attic stairway ladder and numerous cosmetic components of the property needed be repaired, but did not expressly indicate the ladder was immediately dangerous. The seller’s agent reviewed the inspection report, but neither the seller nor the agent acted to prevent injuries potentially caused by the ladder. Later, a buyer’s agent was injured when the ladder failed.