California First Bank v. Griffin (In Re Orosco)

93 B.R. 203, 1988 Bankr. LEXIS 2322, 1988 WL 130350
CourtUnited States Bankruptcy Appellate Panel for the Ninth Circuit
DecidedSeptember 30, 1988
DocketBAP No. NC-87-1933 VJMo, Bankruptcy No. 4-86-01970-C, Adv. No. 4-86-0284-AC
StatusPublished
Cited by9 cases

This text of 93 B.R. 203 (California First Bank v. Griffin (In Re Orosco)) is published on Counsel Stack Legal Research, covering United States Bankruptcy Appellate Panel for the Ninth Circuit primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
California First Bank v. Griffin (In Re Orosco), 93 B.R. 203, 1988 Bankr. LEXIS 2322, 1988 WL 130350 (bap9 1988).

Opinion

OPINION

VOLINN, Bankruptcy Judge:

First Bank of California (appellant) brings this appeal from the bankruptcy court’s granting of summary judgment in favor of Robert and Julia Griffin, husband and wife (appellees). The essential question presented involves who should bear the risk of loss caused by a forged and fraudulently recorded title document. Coordinate with this issue is whether the grant of summary judgment was precluded by virtue of factual issues. We affirm.

FACTS

On May 9, 1984, Mr. and Mrs. Griffin sold to James Orosco, the debtor, for the sum of $1,012,000, property located in Sola-no County, California known as the Round Oak Property. This property is now a 135 unit apartment complex known as the Round Oak Village Apartments. The Griffins were to receive $500,000 down and a $512,000 note to be secured by a deed of trust on this property.

Apparently the Griffins received their $500,000 down. It is the $512,000 deed of trust, which is in dispute. While the Griffins were to receive a promissory note and deed of trust on the Solano County or Round Oak Property shortly after the sale, they agreed with Orosco that the builder should have first priority as construction lender. In order to do this, the Griffins agreed with Orosco that Orosco would give the Griffins a deed of trust on other property in Alameda County. The deed of trust on the Alameda property in the amount of $512,500 was recorded on August 23, 1984. *205 According to Mr. Griffin’s summary judgment declaration, James Orosco contacted Mr. Griffin, between September 20, 1984 and October 11, 1984, informing him that he, James Orosco, needed a reconveyance of the Alameda property deed of trust in order to obtain “permanent financing” thereon. Mr. Griffin agreed to such recon-veyance. Mr. Griffin’s consideration was to be that Mr. Orosco would execute a promissory note and secure the same by deeds of trust on both the Solano property and the Alameda property and record both of the deeds simultaneously immediately after receipt of the improvement loan on the Alameda property. In effect, Orosco persuaded Griffin to successively subordinate deeds of trust in the Solano and Alameda County properties to construction loans.

On or about October 11, 1984, James Orosco executed the new promissory note and deeds of trust as promised. On this date, Mr. Griffin executed a request for reconveyance on the Alameda property and a Substitution of Trustee and Reconveyance which was blank as to book and page only and was to be completed and recorded by the title company upon receipt of notice of completion and certificates of occupancy on the Solano property. Mr. Griffin stated that he did not sign a Substitution of Trustee and Reconveyance as to the Solano property. He further stated that on or about December 5, 1984 he learned that James Orosco secured the improvement loan on the Alameda property sometime during October 1984, but had not, as promised, recorded the new deeds of trust on the Sola-no and Alameda properties.

Mr. Griffin said that he secured the deed of trust on the Solano property and had it recorded on December 5,1984. Thereafter, in June of 1985, it came to Mr. Griffin’s attention that Mr. Orosco had further encumbered the Solano property by executing three new deeds of trust, one of which was to California First Bank (defendant below and appellant herein) on May 7, 1985 in the amount of $1,000,000.

Mr. Griffin, in paragraph 9 of his declaration, filed on or about November 28, 1986, stated that he also learned that the Substitution of Trustee and Request for Reconveyance that he had given to James Orosco on October 11, 1984, had been recorded on May 2, 1985, and had been altered by substituting the word Solano for the word Alameda and the date October 11 was changed to December 11.

In answers to interrogatories propounded to him by the Griffins, Mr. Orosco admitted to altering the Substitution of Trustee and Request for Reconveyance by changing the name Alameda to Solano and by changing the date from October 11 to December 11. The answered interrogatories are dated November 12, 1986. 1

The trial judge found the following as facts.

Finding of Fact No. 9.

Mr. Orosco’s written response of November 12, 1986 to the Griffins’ interrogatories, provided under penalty of perjury, clearly demonstrate [sic] that Mr! Orosco was not authorized to change Alameda County to Solano County on the pre-executed deed of reconveyance.” Finding of Fact No. 10.
Some of Mr. Orosco’s responses during a subsequent deposition were equivocal, but do not constitute a withdrawal of the prior sworn testimony found in his answers to the Griffins’ interrogatories regarding the alteration of the deed of reconveyance.

The trial judge entered a conclusion of law which provides that “The deed of re-conveyance pertaining to the Solano County property and recorded May 2, 1985, con *206 stituting the subject matter of this motion for summary judgment is a forged document and is void ab initio.” (Conclusion of Law A.). The court further concluded that:

The recordation of the deed of reconveyance in Solano County was not proximately caused by Mr. Griffin’s actions in providing Mr. Orosco with a pre-executed deed of reconveyance relating to the Alameda County property. The material alterations of the deed of reconveyance made with Mr. Orosco’s knowledge is an intervening act which breaks any proximate cause chain that otherwise might exist. California First Bank’s argument that the Griffins should be barred from relief based on their negligence in providing Mr. Orosco with a pre-executed deed of reconveyance is rejected. (Conclusion of Law F, App. p. 232).

The court further concluded that:

The doctrine of estoppel does not apply to the facts of this case, because the Griffins had no knowledge that the deed of reconveyance had been materially altered and recorded with Mr. Orosco’s knowledge prior to the intervening act taken by other persons or parties that have caused some harm to California First Bank. California First Bank’s argument that the Griffins should be es-topped from retaining relief is rejected. (Conclusion of Law G, App. p. 232).

PROCEDURAL HISTORY

CMSH-Mohanna Joint Venture, not a party herein, filed “Complaint for Declaratory Relief” naming numerous defendants, including James R. Orosco, the Griffins, and California First Bank seeking declaratory relief as to the “validity, priority and extent of all actual or purported liens and encumbrances against the Property.” CMSH-Mohanna filed the complaint because it was a lien creditor of the debtor, and there were many encumbrances on the debtor’s property in Solano County, California.

' The Complaint alleged, among other things,

that Reagan [Ms. Ellen Reagan, an employee of the debtor] notarized the forged signatures on the Purported Deed of Reconveyance pursuant to a conspiracy by and between Reagan, the Debtor and certain of the other defendants to create the false impression that the [CMSH-Mohanna] Deed of Trust was no longer an encumbrance against the Property. (App. p.

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Cite This Page — Counsel Stack

Bluebook (online)
93 B.R. 203, 1988 Bankr. LEXIS 2322, 1988 WL 130350, Counsel Stack Legal Research, https://law.counselstack.com/opinion/california-first-bank-v-griffin-in-re-orosco-bap9-1988.