MTC Financial Inc. v. Cal. Dept. of Tax & Fee Admin.Annotate this Case
Proceeds remaining after a home foreclosure sale were deposited with a trial court due to competing claims to the proceeds. A primary dispute between the claimants was whether a first in time trust deed sufficiently described the foreclosed property. Among other things, the court found the description was insufficient and the trust deed therefore void. It entered judgment in favor of a next in time state tax lien. Finding no error in the result of the judgment, the Court of Appeal affirmed.