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LEWIS v. INVESTORS LEASED GROUP II

CV 89 0617; CA A70288.

848 P.2d 113 (1993)

118 Or. App. 361

Larry R. LEWIS and Janet R. Lewis, husband and wife, Respondents, v. INVESTORS LEASED GROUP II, an Oregon limited partnership, Defendant, and Richard Dicob and Douglas County Title Company, an Oregon corporation, Appellants.

Court of Appeals of Oregon.

Decided March 3, 1993.

Attorney(s) appearing for the Case

Bennett H. Goldstein, Portland, argued the cause for appellants. With him on the briefs was Stoel Rives Boley Jones & Grey, Portland.

Jeffrey L. Pugh, Roseburg, argued the cause and filed the brief for respondents.

Before RICHARDSON, C.J., and DEITS and DURHAM, JJ.

RICHARDSON, Chief Judge.

Defendants Dicob and Douglas County Title Company (Douglas Title) appeal from a judgment reinstating a cancelled trust deed, of which plaintiffs are the beneficiaries, and giving it priority over Dicob's trust deed on the same real property. We affirm.

In February, 1987, plaintiffs purchased a high interest note from defendant Investors Leased Group II (ILG). The note was secured by a trust deed on the real property in question that...

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