Roundy v. Waner

BISTLINE, Justice.

The Roundys, plaintiffs-appellants in this suit, are the parents of Mrs. Waner who, with her husband, are the defendants-respondents. In 1964, the Roundys conveyed certain real property to the Waners by warranty deed. The deed was placed in the Waners’ name in order to refinance the property after refinancing had been denied to the Roundys due to their advanced age.

There is no dispute that from 1964 to 1968, the Waners held the bare legal title to the property in trust for the Roundys who retained the equitable title and who expected the land to be reconveyed to them upon…