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Mortgagee, secondary lender dispute notice of lien
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Court Report
Tuesday, October 12, 2021
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A man loaned friends $100,000 as a down payment to purchase their ranch in Big Horn County, Wyo., with the understanding he would get a lien on the property, but without a written record of that fact. When the couple defaulted and the mortgagee foreclosed, the man filed suit against the bank, arguing his loan had priority over the mortgage and that the lender had notice of his lien.
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