The beneficiary or trustee named in a deed of trust or mortgagee named in a mortgage with power of sale upon real property or any interest therein to secure a debt or other obligation, or if there be a successor or successors in interest of such beneficiary, trustee or mortgagee, then such successor or successors in interest, shall have the right to bring suit to foreclose the same in the manner and subject to the provisions, rights and remedies relating to the foreclosure of a mortgage upon such property.
Cal. Civ. Proc. Code § 725a
Actions for the Foreclosure of Mortgages
Applied in 2 court decisions — leading case Vista Del Mar Associates, Inc. v. West Coast Land Fund (In Re Vista Del Mar Associates, Inc.) (1995)
Most recently applied in Pryor v. Zerbo (In Re Zerbo) (November 2008)
Amended by Stats. 1982, Ch. 497, Sec. 45
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.