McKenzie v. Petrolia Avenue Loan Co. CA2/5
Gary McKenzie (plaintiff) sued Petrolia Avenue Loan LLC (defendant lender) to quiet title in commercial property located in Compton as of a specific date, November 7, 2011. He based his ownership claim on a 2009 grant deed in his favor from nonparty Anthony Bustamante (hereafter, 2009 Bustamante grant deed). McKenzie recorded the Bustamante grant deed on October 20, 2011.
Defendant lender did not claim to be the record owner of the property; but on November 7, 2011, it recorded a deed of trust on the property to secure its $1.2 million loan to nonparty Petrolla Avenue LLC (PA). Nonparty PA recorded a grant deed in its favor for the property on same day. The grantor on PA’s grant deed was Bustamante, the individual who controlled PA and signed the earlier recorded grant deed to McKenzie.
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