Gharaee v. Ramirez CA4/3
Following a bench trial, the trial court found that plaintiffs, cross defendants, and respondents Firouzeh Gharaee and Ruth Cea (together, Respondents) made a loan to defendant Jose Luis Ramirez, Sr., and his business entities and the loan was secured by a deed of trust on real property. The court found that the loan was memorialized by a writing that satisfied the statute of frauds. The judgment awarded money damages of $393,000 based on claims the loan was not repaid and included a decree of judicial foreclosure of the deed of trust.
Appellants are Jose Luis Ramirez, Sr., Ramirez Family Trust, the Olimpia Family Revocable Trust, Dated October 13, 2014 (the Olimpia Trust), and Rosalva Ramirez (collectively, Appellants).
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