Hart

Miller v. Hart

Good Law
11 Cal. 2d 739·1938 Cal. LEXIS 347·81 P.2d 923
Supreme Court of CaliforniaAugust 4, 1938L. A. 15673California1,874 words

Opinion

Opinion

Waste, J.

Pursuant to the allegations of the complaint herein, judgment was entered for the plaintiff decreeing foreclosure of a trust deed and sale of the property covered thereby, and the entry of a deficiency judgment in a sum equal to the difference between the amount of the indebtedness and the amount procured at the commissioner’s sale of the property. The defendants Hart appeal from that portion of the decree directing the entry of a deficiency judgment in such amount and contend that the trial court erred in denying their request for the appointment of an appraiser to determine the “fair value” of the property, pursuant to the provisions of section 726 of the Code of Civil Procedure, as amended in 1933, and in refusing to confine and limit any deficiency judgment thereafter to be entered, as provided in the cited code section as amended, to “the amount by which the amount of the indebtedness with interest' and costs of sale and of action exceeds the fair value of the property”, as determined under the section. The trust deed here involved and the note which it secures, were executed prior to said 1933 amendment of section 726, supra, and prior to the enactment in the same year…

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