Zhang v. Li CA2/1
Attorney James Li represented Michael Chui in a quiet title action and extended to Chui a line of credit to finance the litigation. Chui secured the credit line by giving Li five deeds of trust encumbering the subject property.
The October 2010 Judgment
On September 17, 2010, the trial court issued a statement of decision in which it found Chui owned only an undivided 50 percent interest in the subject property. The court ordered “partition of the property by sale,” specified how proceeds were to be distributed, and stated that if the parties could not agree on a real estate agent to market and sell the property they could apply to the court to have one appointed. The court ordered that these “executory provisions [be] made a part of th[e] Judgment,” and on October 6, 2010, entered judgment accordingly. The judgment contained no further reservation of jurisdiction.
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