Federal Deposit Insurance Corp.v. Taylor

OPINION

McHUGH, Associate Presiding Judge:

T1 Bradford E. Taylor appeals the trial court's order granting a cross-motion for summary judgment in favor of Centennial Bank (the Bank),1 in which the trial court *954held that due to Utah's after-acquired title statute, the Bank's trust deed was in first position with priority over Taylor's trust deed. The Bank cross-appeals, arguing that the trial court erred in denying summary judgment on its alternative theory of reformation. We reverse and remand for further proceedings consistent with this opinion.

BACKGROUND 2

T2 This is a dispute about the priority…