Lincoln Lumber Co. v. Lancaster

This is an appeal from a foreclosure action on construction liens filed under the Nebraska Construction Lien Act, Neb. Rev. Stat. §§ 52-125 through 52-159 (Reissue 1998). Appellees, Lincoln Lumber Company and Kaser Painting, Inc. (Kaser), petitioned the district court for foreclosure of their construction liens filed on property purchased by appellants Lee W. Lancaster and Angela L. Lancaster.

Union Bank and Trust Company (Union Bank) provided the funds for the Lancasters’ permanent financing, which were secured by a deed of trust that Union Bank concurrently assigned to appellant NationsBanc…