RNT Holdings v. United Gen. Title Ins.

discussion.

3 to Orange Coast. Tregub did not advise Orange Coast that Bergstein intended to transfer his title to the property to his trust. On June 18, 2008, Bergstein’s purchase of the property closed, and at 8:00 a.m. that morning, a grant deed was recorded transferring the property from the Ziffs to Bergstein. On the same day, Bergstein executed a separate grant deed transferring the property from himself to Tregub, as trustee of Bergstein’s trust (Tregub grant deed). Tregub prepared that grant deed. On June 20, 2008, the Tregub grant deed was recorded. On the same day, Tregub wrote to Orange Coast in her capacity as “authorized signatory” for RNT, stating: “This will acknowledge that I understand that you will be filing the [2008 RNT trust deed] with the Los Angeles County Recorder[’]s office and that [it] will be behind the [Surfside trust deed]. . . .” Tregub did not mention the Tregub grant deed. Three days later, on June 23, Orange Coast recorded the 2008 RNT trust deed and arranged for United to issue the underlying policy. In September 2010, Kia Jam acquired Tutor’s interest in RNT. In December 2010, RNT made a second loan of $4 million to Bergstein for the purpose of…