Court Opinion

ID: 9672145
Source: CourtListenerOpinion
Date Created: 2023-08-24 03:49:45.075537+00
Date Added: 2024-06-11T18:16:14.578493
License: Public Domain

White, C.J.,
concurring.
I agree with the opinion of the majority. I write separately to simply point out that on the date of the sale, the outstanding balance on the note secured by the trust deed was $50,313.05. In its capacity as trustee, the Bank exercised the power of sale contained in the trust deed and purchased the property with a bid of $52,427.60, an amount which is admittedly in excess of the total indebtedness due the Bank.
There is no basis in fact for the recovery of a deficiency, since the sale price was in excess of the debt.
McCormack, J., joins in this concurrence.