The Colony at Cal. Oaks etc. v. Majestic Asset Management CA4/1

CourtCalifornia Court of Appeal
DecidedJune 18, 2026
DocketD085140
StatusUnpublished

This text of The Colony at Cal. Oaks etc. v. Majestic Asset Management CA4/1 (The Colony at Cal. Oaks etc. v. Majestic Asset Management CA4/1) is published on Counsel Stack Legal Research, covering California Court of Appeal primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
The Colony at Cal. Oaks etc. v. Majestic Asset Management CA4/1, (Cal. Ct. App. 2026).

Opinion

Filed 6/18/26 The Colony at Cal. Oaks etc. v. Majestic Asset Management CA4/1 NOT TO BE PUBLISHED IN OFFICIAL REPORTS California Rules of Court, rule 8.1115(a), prohibits courts and parties from citing or relying on opinions not certified for publication or ordered published, except as specified by rule 8.1115(b). This opinion has not been certified for publication or ordered published for purposes of rule 8.1115.

COURT OF APPEAL, FOURTH APPELLATE DISTRICT

DIVISION ONE

STATE OF CALIFORNIA

THE COLONY AT CALIFORNIA D085140 OAKS HOMEOWNERS ASSOCIATION,

Plaintiff and Respondent, (Super. Ct. No. MCC2000132)

v.

MAJESTIC ASSET MANAGEMENT LLC et al.,

Defendants and Appellants.

APPEAL from a judgment of the Superior Court of Riverside County, Eric A. Keen, Judge. Affirmed as modified. Reid & Hellyer, Michael G. Kerbs, Douglas A. Plazak; Estavillo Law Group and Ignacio J. Lazo for Defendants and Appellants. Berding & Weil, Anne L. Rauch, Trinette Sachrison; Epsten and Joseph A. Sammartino for Plaintiff and Respondent.

Majestic Asset Management, LLC (Majestic), and its members, Jen and Hai Huang, own and operate a golf course within a community of many single-family homes governed by The Colony at California Oaks Homeowners Association (the Association). During the pendency of a prior case the Association obtained a foreclosure decree to remedy Majestic’s breaches of maintenance obligations. The performance of those responsibilities was secured by a deed of trust to the golf course in favor of the Association. In another transaction, Majestic gave Tso Jen Chu a deed of trust to the golf

course as security for repayment of loans Chu made to Majestic.1 In the current case attacking the validity of the deed of trust given to Chu, the trial court entered a judgment declaring that deed void as based on fraudulent and fictitious loans, declaring the deed of trust to the Association to be the senior lien on the golf course, and giving preclusive effect to the finding in the prior case that the Huangs and Majestic were alter egos. Appellants claim the trial court erred by using principles of preclusion to impose alter ego liability, by granting leave to the Association to amend the complaint to add a fraud count, and by voiding the deed of trust to Chu based on fraud. We agree with the first claim but not the other two. We modify the judgment to strike the portion concerning alter ego liability and affirm the judgment as modified. I. BACKGROUND A. Prior Case The parties have been litigating over the use and maintenance of the golf course for more than a decade. We summarize that litigation based on

1 Chu is described by appellants as an “acquaintance[ ] unrelated to the Huangs” and by the Association as “as an old family friend of Jen Huang’s whom the trial court found illegally participated in Appellants’ dishonest scheme.” our opinion in Majestic Asset Management LLC v. The Colony at California Oaks Homeowners Assn. (2024) 107 Cal.App.5th 413, 417–422. Majestic bought the golf course from the prior owners in 2007. The grant deed restricted use of the property to golf course only and obligated Majestic to maintain the golf course in as good a condition as that of other local golf courses and to maintain the landscaped extensions that created open spaces among the residences. To secure observance of the use restriction and performance of the maintenance obligations, Majestic executed a performance deed of trust (PDOT) by which it granted in trust for the prior owners’ benefit its interest in the golf course. The PDOT was also subordinated “to a security interest in the [golf course] in favor of a third party lender securing one or more promissory notes for one or more loans of up to a maximum principal amount of $1,250,000.” The prior owners assigned their interest in the PDOT to the Association in 2012. After appellants took over the golf course, they began using it as a site for events of which the Association disapproved. Appellants also stopped paying their portion of shared maintenance expenses. Grass and trees died, a lake dried up, and the landscaped extensions deteriorated. Litigation commenced in 2013. Majestic sued the Association for interference with prospective economic advantage, misrepresentation, promissory estoppel, declaratory relief, and quiet title. The Association countersued for breach of contract, common counts, declaratory relief, quiet title, and foreclosure under the PDOT. The Association alleged the Huangs were alter egos of Majestic. The trial court held a bench trial in 2015. It found the Huangs were alter egos of Majestic and ruled in favor of the Association. The court entered a judgment that included a permanent injunction directing appellants to repair the golf course and its landscaped extensions and to abide by maintenance standards attached to the judgment. The court retained jurisdiction to order foreclosure under the PDOT if appellants disobeyed the injunction. Appellants appealed, and we affirmed the judgment. Later the Association moved the trial court to enforce the judgment by directing a foreclosure sale of the golf course or, alternatively, by appointing a receiver to take over the golf course and bring it into compliance with the judgment. The court appointed a receiver, but it became clear by September 2022 that he could not rehabilitate the golf course. The Association then moved the court to order foreclosure under the PDOT. The court held an evidentiary hearing, set the value of the PDOT for purposes of the foreclosure sale at $2,748,434.37, and in 2023 entered a foreclosure decree and issued a writ of sale. On appellants’ appeal, we modified the decree by reducing the value assigned to the PDOT to $2,503,500 and affirmed the decree as modified. B. Current Case While the prior case was pending, Majestic granted Chu a deed of trust to the golf course to secure payment of indebtedness evidenced by a promissory note for $3,468,012. The deed was recorded in September 2019. In January 2020, the Association filed the current case against appellants and Chu challenging the validity of the deed of trust that Majestic had given to Chu. The Association alleged the Huangs were alter egos of Majestic and gave Chu the deed of trust to hinder or delay the Association in its efforts to enforce the judgment in the prior case. The Association asserted counts under the Uniform Voidable Transactions Act (UVTA; Civ. Code, § 3439 et seq.), for declaratory relief, and for quiet title.2 The Association sought a judgment declaring the deed of trust from Majestic to Chu void and setting it aside, declaring the PDOT superior to any other conveyance of the golf course by appellants, and again declaring the Huangs to be alter egos of Majestic. The trial court held a bench trial over the course of four days in September 2023. Chu testified he and other investors made four loans to Majestic between 2007 and 2019, an initial loan of $2.2 million to purchase the golf course and three subsequent loans totaling $1.1 million. Chu said a promissory note for $3,468,012 represented the amount of principal and interest Majestic owed him and the other investors as of January 25, 2019. Hai Huang testified the promissory note was for all the loans Chu and the other investors had made to Majestic. Hai Huang said Majestic gave Chu a deed of trust because he and the other investors became aware of the litigation with the Association and requested “something to protect their benefits and interests throughout this whole matter.” On cross-examination, Hai Huang testified about Majestic’s managers and members, meetings and records, funding sources, and other topics relevant to alter ego liability.

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