Author: Sarah Kolvas

May a county assessor assess the value of spaces in a mobilehome park by deducting the value of the mobilehome from the price paid for both?

Facts: Residents of a mobilehome park formed a nonprofit corporation and purchased the park. Each resident owned a mobilehome and the exclusive right to occupy the space through membership in the corporation. A resident later sold their mobilehome and membership interest, triggering reassessment of the space sold.

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Do two lenders funding the refinance of existing trust deeds take the priority positions held by the trust deeds when a separate intervening trust deed is recorded?

Facts: Two lenders funded the payoff of debt secured by a first and second trust deed on a property. On funding, the lenders recorded two new trust deeds on the property. The lenders expected the trust deeds to have the same priority on title as the trust deeds satisfied using the proceeds of their loans.

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