Swanson v. Grassedonio

OPINION

NYE, Chief Justice.

This appeal is perfected from the granting of a temporary injunction that enjoins the non-judicial foreclosure of certain real property pending a trial on the merits.

Appellants W.P. Swanson, Katherine Henry and Charles R. Butler were the holders of a promissory note executed by Gordon P. Reid, dated August 26, 1974. The note was secured by a vendor’s lien and deed of trust (hereinafter called the “Reid lien”) on the property in question. These instruments were filed of record. Reid subsequently conveyed portions of the property to various grantees subject to the Reid…