BT Capital, LLC v. TD Serv. Co. of Ariz.

This case concerned commercial property that was subject to a deed of trust and auctioned at trustee's sales twice in 2009. Alleging it was the successful bidder at the second sale, BT Capital, LLC sued the trustee and the trust beneficiary seeking title to the property and damages. The trial court granted summary judgment against BT and dismissed BT's tort claims. While BT's appeal was pending, another trustees sale was conducted in 2010, and a trustee's deed conveyed the property to a beneficiary. The court of appeals subsequently reversed the entry of summary judgment and remanded. The Supreme Court vacated the court of appeals' opinion and affirmed the superior court's entry of summary judgment against BT, holding that the case was rendered moot when the property was purchased by the beneficiary at the third trustee's sale in 2010. View "BT Capital, LLC v. TD Serv. Co. of Ariz." on Justia Law