Duckett v. Olsen

Wasatch Bank appeals from a judgment and decree of foreclosure by which the trial court declared that certain mechanic’s liens, filed pursuant to U.C.A., 1953, § 38-1-1, et seq., 1 were entitled to priority over the bank’s trust deed on the same real property. We affirm.

The real property was owned by David and Laurie Olsen, who, in late 1980, contracted with the several materialmen and contractors for the construction of a house on the property. They arranged for financing of the construction by Wasatch Bank, which took a trust deed to the property as security. After the house was…