Bank of New York Mellon v. Nazaryan CA2/3
In 1998, defendant Marine Nazaryan and her now-ex-husband purchased a home located at 1068 and 1068-A Rosedale Avenue in the City of Glendale (Property). In 2002, the ex-husband executed a quitclaim deed transferring sole title to the Property to his sister. In 2005, the sister recorded the subject deed of trust, which was executed in favor of Greenpoint Mortgage Funding, Inc. (Greenpoint) and secures a refinancing loan against the Property (2005 Deed of Trust). About a year later, Nazaryan obtained a judgment in a marital dissolution proceeding awarding her sole title to the Property. For several years after obtaining title to the Property, Nazaryan made regular payments on the loan secured by the 2005 Deed of Trust. In 2012, a written assignment was executed, transferring all beneficial interest in the deed of trust and the underlying loan to plaintiff Bank of New York Mellon (Bank of New York).
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