The following excerpt is from Dorado v. Shea Homes Ltd. P'ship, 1:11-cv-01027 OWW SKO (E.D. Cal. 2011):
against the purchaser at such a sale, even though the statute of limitations has run against the indebtedness." Sipe v. McKenna, 88 Cal. App. 2d 1001, 1006 (1948).
FPCI RE-HAbB 01 v. E & G Investments, Ltd., 207 Cal. App. 3d 1018, 1021 (1989) (citations omitted) explains:
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