Baghdassarians v. SK Vision CA2/5
This appeal is presented as a property dispute, but the facts reveal that it is much more personal. Specifically, both properties had previously been owned by Baghdassarians – the residential property held his home and the vacant lot behind it was largely unused. The dispute arose when SK Vision demanded, and ultimately foreclosed on, a deed of trust on Baghdassarians’s “personal residence located at 4343 Vista Place,” unaware that Baghdassarians’s address actually encompassed both parcels. Greg Kurdoglanyan is the owner and managing member of SK Vision. Kurdoglanyan and Baghdassarians (and their companies) had been involved in a number of real estate projects. The business relationship soured, and SK Vision brought suit against Baghdassarians for the loss of its investments. On August 26, 2010, they settled their dispute for $2.6 million, pursuant to a written agreement.
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