Solano

BACKGROUND

Documents attached to the complaint and first amended complaint show a grant deed dated February 5, 2007, conveying real property located on Bentley Court in West Covina (the property) to plaintiff Jose Solano and his wife. The Solanos borrowed $1,110,000 and secured the note with a deed of trust. Under the terms of the deed of trust, the trustee had the power of sale if the borrower breached certain promises including paying all amounts owed to lender. As of August 24, 2016, the Solanos were behind in payments. At that time, the Solanos owed $619,978.29 in “past due payments plus permitted costs and expenses.” After the trustee recorded a notice of default and election to sell under deed of trust, the trustee held a trustee sale. The trustee’s deed upon

2 sale recites that it complied with all statutory provisions under the deed of trust. On February 15, 2018, Magnum Property Investments, LLC (Magnum) purchased the property for $1,210,000. According to Solano, defendant Sarina Goerisch operates Magnum.1 According to Solano, Magnum sold the property on August 15, 2019. Solano does not identify to whom Magnum sold the property. The only defendants and respondents are…