Posada v. Quest Equity Fund CA2/5
In order to protect a family member from potential criminal liability for forging home-loan-related documents, the relatives who had title to the real property that served as security for the loan chose not to disclose the forgery until years after they discovered it. They first disclosed the fraud only in connection with a lawsuit they brought against the lender, after the lender had foreclosed on the property and evicted the occupants via an unlawful detainer action. We consider whether judgment was properly entered for the lender on statute of limitations and claim preclusion grounds.
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