Satine v. Koier

This appeál is from the decree of an equity court enjoining the appellants from foreclosing a deed of trust, ordering that certain trust notes be marked “paid” and the trust released, and awarding compensatory damages to the appellees.

In 1956 the R & L Development Corporation, of which Merton I. Berman was an officer, purchased 24 lots from Thomas D. Zibelli, giving back a first deed of trust for $48,000 and cash from the sale of two notes to appellants, secured by a second deed of trust. These notes were for $6,600 each, but were assigned to the appellants at a discount without recourse for…