Donald Steuerer v. Richards

J. JONES, Justice.

This is an appeal from a judgment holding that two deeds executed by Donald Steuerer in favor of N.E.M. Richards were not intended as absolute conveyances, but instead were intended as mortgages to secure loans made by Richards to Steuerer.

I

FACTUAL AND PROCEDURAL BACKGROUND

Steuerer purchased two lots in the City of Shoshone (the Property) in December of 1987 for $3,000. In 1990, Steuerer took up residence on the Property and became acquainted with Richards, who lived across the street. Richards “suffers from various physical and mental disabilities and had been treated for…