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DIVERSIFIED EQUITIES v. AMER. SAV. & LOAN

No. 860287-CA.

739 P.2d 1133 (1987)

DIVERSIFIED EQUITIES, INC., a Utah corporation, and Dakal, Inc., a Utah corporation, Plaintiffs and Appellants, v. AMERICAN SAVINGS AND LOAN ASSOCIATION, et al., Defendant and Respondent.

Court of Appeals of Utah.

July 22, 1987.

Attorney(s) appearing for the Case

Jerome H. Mooney, Arthur M. Strong, Mooney & Smith, Salt Lake City, for plaintiffs and appellants.

Ted Boyer, H. Mifflin Williams III, Clyde, Pratt, Gibbs & Cahoon, Salt Lake City, for defendant and respondent.

Before ORME, JACKSON and BENCH, JJ.

OPINION

ORME, Judge:

Appellants Diversified Equities, Inc. (Diversified) and Dakal, Inc. (Dakal) brought an action to quiet title to a duplex and lot in Salt Lake County. Respondent American Savings and Loan (American) had a recorded security interest in the property which was released prior to the conveyances to Diversified and Dakal. The lower court quieted title in Dakal, subject to an equitable lien in favor of American equal to the principal amount...

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