Wells Fargo Bank v. Castillo CA4/1
In 2006, defendant Gregoria G. Castillo (Gregoria), as trustee of her separate property trust, owned certain real property (the property) that was then encumbered by an existing first mortgage. Gregoria applied to Washington Mutual Bank, F.A. (WAMU), the predecessor in interest to respondent Wells Fargo Bank, N.A. (Wells Fargo), for two loans (a $247,000 refinance loan and a $261,500 home equity line of credit), part of which was to be used to pay off the existing first mortgage. The new WAMU loans were to be secured by the first and second trust deeds, respectively, encumbering the property.
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