Northwest Carpets, Inc. v. First Nat. Bank of Chatsworth

How courts have described this case

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

• “[F]ull payment of the secured indebtedness, as a matter of law, passes legal title back to the grantor.”
• “[Fjull payment of the secured indebtedness, as a matter of law, passes legal title back to the grantor.”
• “A security deed, although conveying the legal title, does so for the purpose of security only, and, upon the satisfaction of the obligation which it is given to secure, is automatically extinguished in effect and can be cancelled of record without any reconveyance by the grantee].]”
• “A security deed, although conveying the legal title, does so for the purpose of security only, and, upon the satisfaction of the obligation which it is given to secure, is automatically extinguished in effect and can be cancelled of record without any reconveyance by the grantee[.]”

Source: CourtListener parenthetical corpus (CC0).