McPheeters v. Community Federal Savings & Loan Ass'n

STEPHAN, Judge.

Upon defendant American Family Mutual Insurance Company’s refusal to release the deeds of trust that encumbered plaintiffs’ St. Charles County home, plaintiffs, asserting the underlying indebtedness had been satisfied, sued to enforce the penalty authorized by § 443.130, RSMo 1978,1 and to quiet title to the property in themselves. American Family held the deeds of trust by virtue of assignments from defendants Community Federal Savings and Loan Association and Beneficial Mortgage Company of Missouri. American Family denied the underlying indebtedness had been satisfied and,…