Court Opinion

ID: 9790698
Source: CourtListenerOpinion
Date Created: 2023-08-31 01:57:55.982+00
Date Added: 2024-06-11T07:37:31.009645
License: Public Domain

ORME, Presiding Judge
(concurring):
I concur in the court’s opinion. I write separately only to express a note of caution. The word “sold,” as used in real estate parlance, is uniquely ambiguous. In certain contexts, it may connote the outright passage of legal title. In other circumstances, a property might be deemed “sold” at the point in time when a contract of sale, passing equitable title to a buyer, has been entered into. In this case, we need not struggle with the problematic word “sold,” because the trustor here used the additional phrase: “or otherwise disposed of.” This is language which suggests a degree of finality consistent only with the passage of legal title.
Thus, our opinion in this case should not be taken as having precedential value in construing the word “sold,” absent the additional phraseology before us here which, in my mind, is the key to our decision.