Clayton Hinton v. Nate Rolison

RANDOLPH, Presiding Justice,

for the Court:

¶ 1. The question before us today is whether a quitclaim deed acts to assign *1283and transfer a grantor’s rights and interests retained in a deed of trust even when that grantor no longer holds title to the property. We hold that it does, and so we affirm.

FACTS AND PROCEDURAL HISTORY

¶ 2. In 2004, Clayton Hinton purchased a tract of real property to use as a used-car lot. He financed its acquisition with funds provided by Wells Fargo. Wells Fargo required a Deed of Trust as security for repayment of the contemporaneous promissory note Hinton executed. Page…