In California where two Deeds of Trust are Simultaneously Filed, Neither Has Priority Over the Other
Two banks lent money secured by the same real property. The title insurance companies delivered the deeds of trust (TDs) before office hours to the Los Angeles County Recorder's office, and both TDs were time stamped '09/04/08 AT 08:00AM'. The Court held, since both TDs were 'filed' simultaneously, neither had priority over the other. If was irrelevant that the two instruments were 'indexed' under different index numbers.
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I am a litigation lawyer, licensed to practice law in the State of California. You can reach me by phone at (310) 286-2000.
I am a litigation lawyer, licensed to practice law in the State of California. You can reach me by phone at (310) 286-2000.
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