Jordan v. LSF8 Master Participation Trust

The Supreme Court affirmed the trial court’s grant of summary judgment in this quiet title action filed by Richard Jordan seeking to invalidate a mortgage lien on the ground that it was an improper encumbrance of the homestead under Neb. Rev. Stat. 40-104 because his signatures on the deed of trust were forged.In a previous order of dissolution and property division, the court allocated to Richard the marital home and its refinancing mortgage debt. In this quiet title action, the court granted summary judgment against Richard, finding that the deed of trust was a valid first and prior lien on the real estate and that Richard’s quiet title action was barred by issue preclusion and judicial estoppel. The Supreme Court affirmed, holding (1) issue preclusion and judicial estoppel may supply the statutory requirements set forth in Neb. Reb. Stat. 40-104 for encumbrances of a homestead; and (2) the district court did not err in finding as a matter of law that Richard’s attempt to invalidate the lien at issue was barred by issue preclusion. View "Jordan v. LSF8 Master Participation Trust" on Justia Law