Reliance Equities, LLC v. Specialty Equity Partners, LLC

Thompson, Justice.

This appeal arises out of an equitable partition proceeding in which the parties, appellant, Reliance Equities, LLC (“Reliance”) and appellee, Specialty Equity Partners, LLC (“SEP”), independently acquired interests in certain real property as tenants-in-common by purchasing two unredeemed tax deeds. One unredeemed tax deed was held by Reliance’s sister company, Marathon Investment Corporation (“Marathon”); the other was held by SEP’s sister company, Baldwin Tays Company, LLC (“Baldwin”).

Upon acquiring the tax deeds, Marathon and Baldwin began proceedings to bar the right of…