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Chase Manhattan Bank v. Texel (9th Cir. - Jan. 28, 2010)

By Shaun Martin

Judge Kleinfeld does a good job of making this somewhat complicated bankruptcy case clear, and writes concisely and persuasively.

But I'll give a shot at writing something even shorter. "When you're Chase Manhattan Bank, and you refi a loan, make sure you record the deed of trust. If you inexplicably forget this extremely important task, and the debtor files bankruptcy, your bad. Get in line."

I think that's about right.

Full post as published by California Appellate Report on February 04, 2010 (boomark / email).