Overland Direct v. LOA Investments CA2/3
LOA Investments, LLC (LOA) agreed to loan money to Overland Direct, Inc. (Overland). A deed of trust on real property secured the loan. However, LOA never loaned the money but recorded the deed of trust and assigned it to Horizon Bancorp (Horizon), which foreclosed on it. Notwithstanding that these events occurred in 2009 through 2011, Overland did not file its complaint to, among other things, quiet title to the property until 2016. The trial court therefore granted LOA and Horizon’s motion for judgment on the pleadings on the ground the causes of action were time-barred. Overland appeals, contending that the court should have granted it leave to amend. We disagree and affirm the judgment.
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