Diversified Equities, Inc. v. American Savings & Loan Ass'n

OPINION

ORME, Judge:

Appellants Diversified Equities, Inc. (Diversified) and Dakal, Inc. (Dakal) brought an action to quiet title to a duplex and lot in Salt Lake County. Respondent American Savings and Loan (American) had a recorded security interest in the property which was released prior to the conveyances to Diversified and Dakal. The lower court quieted title in Dakal, subject to an equitable lien in favor of American equal to the principal amount owing on the note secured by American’s previous trust deed. Dakal seeks reversal of the lower court’s judgment and an order that Dakal owns…