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Federal Courts -
9th Circuit Court of Appeals - January 5, 2007
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Thompson v. Cantwell, No. 04-36157, No. 05-35969,
UNITED STATES COURT OF APPEALS FOR THE NINTH CIRCUIT, January 5, 2007, Filed
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Overview: When buyer purchased property subject to preexisting note and trust deed, bargain included as part of price the amount of note and deed, and when buyer subsequently took assignment of deed and note, debt secured by mortgage was extinguished under Oregon law. Buyer's purchase of mortgage resulted in merger as matter of law, regardless of his intent.
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