DeCaprio

BACKGROUND

This appeal concerns the ownership of real property that is two parcels commonly referred to as 3801 and 3807 Martin Luther King, Jr. Way, in Oakland, California (the

1 property).1 On October 27, 2006, Peter P. Consos, Jr., as a single man, transferred title to the property to Grove Park LLC (Grove Park), a California limited liability company, by grant deed. The grant deed transferring title was recorded in Alameda County on November 1, 2006. On November 1, 2006, the Redevelopment Agency of the City of Oakland (redevelopment agency), as lender and beneficiary, recorded a deed of trust, assignment of rents, and security agreement (the redevelopment agency deed of trust) encumbering the property. The redevelopment agency deed of trust was executed to secure a loan of $800,000 made by the redevelopment agency to Grove Park for development of the property. The redevelopment agency deed of trust contained a power of sale of all of Grove Park’s interest in the property. On this same date, November 1, 2006, U.S. Bank National Association (U.S. Bank) recorded a deed of trust, assignment of rents, and security agreement (U.S. Bank deed) in Alameda County. The U.S. Bank deed…