Lake Sherwood Estates Ass'n v. Continental Bank & Trust Co.

STEPHAN, Judge.

Defendant Continental Bank & Trust Company appeals from a judgment against it for assessments on sixty-four lots in Lake Sherwood Estates for the years 1977 through 1980. During this time, defendant Continental held fee simple title to the lots which were subjects of contracts for deed. The purchasers of the lots were not joined as parties, although they were known to plaintiff. The judgment also granted plaintiff association a lien on the lots which is enforceable by a sheriff’s sale. We reverse and remand.

Lake Sherwood Estates is a residential subdivision development in an…