Home Owners' Loan Corp. v. Meyer

The Home Owners’ Loan Corporation, plaintiff in error, to which we hereinafter refer as the corporation, brought an action to have its “rights, status or other legal relation * * * ascertained and determined * * * under the terms and provisions of the Uniform Declaratory Judgment Law” as it applies to two deeds of trust executed by one John Lippis to the Public Trustee of Fremont county for the use of the corporation to secure repayment of sevéral thousand dollars advanced by it to Lippis. John and Violet Skoglund were made parties because they were contract purchasers of the property…