Lowe v. Institutional Investors Trust

(Pro Tempore)

This is an appeal from an order denying defendant Institutional Investors Trust’s motion to set aside a default judgment entered against it and a motion in the alternative for a reduction in the amount of attorney fees awarded to plaintiff.

The record establishes that plaintiff filed a suit in equity on November 27, 1973, to foreclose a mechanic’s lien claim for labor and materials furnished in the construction of a mobile home park in Lane County, Oregon. Institutional Investors Trust (hereinafter referred to as IIT) was named a defendant because it held a mortgage on the real…