Fireman's Fund Mortgage Corp. v. Allstate Insurance Co.

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• holder of second deed of trust, although not named in policy, has a lender’s interest, and is therefore a loss payee under policy “for the benefit of” the lender
• “The statute contemplates the survival of a loan ‘obligation’ following the sale, but precludes the lender from seeking any ‘deficiency’ on this obligation from the debtor or from the debtor’s guarantor.”

Source: CourtListener parenthetical corpus (CC0).