Equitable Savings & Loan Ass'n v. Lenz

This is an appeal from an order in two consolidated cases denying Randolph W. Lenz’s motion seeking a declaration that judgments previously entered against him and Network Real Estate Investment Corporation were satisfied. We affirm.

Lenz guaranteed notes executed by Network in favor of Equitable Savings and Loan. The notes and guarantees were secured by two mortgages on various parcels of property. Network later transferred most of the parcels to Wayco, Inc., which assumed the indebtedness. Network and Lenz, however, remained liable on the notes. Equitable subsequently sued Wayco, Network,…