Ottaco Acceptance, Inc. v. Larkin

I. NATURE OF CASE

Sigma Investments, Inc. (Sigma), appeals from a judgment entered against it by the Douglas County District Court. Ottaco Acceptance, Inc. (Ottaco), sought to quiet title to real property located in Omaha, Nebraska, claiming that it was the owner of the property by virtue of a treasurer’s tax deed. Sigma, which was issued a trustee’s deed on the property, claimed title adverse to Ottaco’s title. Sigma argued that its lien on the property was not extinguished by the issuance of Ottaco’s tax deed and that Ottaco’s tax deed was void or voidable. The district court found that…