Moghadam v. Dunham CA2/5
Plaintiff Bahman Hariri Moghadam, individually, as general partner of 5425 S.M.B. Limited, and as trustee of 808 Ashland Living Trust dated 4/18/2006 (the Ashland Trust), and 5425 S.M.B. Limited, appeals from a summary judgment. Defendants on appeal are Jeffrey A. Dunham, Dunham Mortgage Funds, and Dunham Commercial Mortgage LP. Plaintiff owed defendants money pursuant to a loan secured by two of plaintiff’s real properties. Plaintiff defaulted on the loan. Ultimately, defendants made an offer to plaintiff that $450,000 be paid by a certain date in exchange for reconveyance of the trust deed to one of the real properties and forbearance of foreclosure on the other. Defendants were not paid by the deadline and commenced a trustee sale of the real properties.
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