Missouri Court of Appeals, Eastern District / May 14, 2024
Fabius Village Mobile Home Park, L.L.C., Respondent, v. Wyatt Land Holdings, L.L.C., Appellant.
Fabius Village Mobile Home Park (FVMH) sold property with seller financing, and Wyatt Land Holdings (Wyatt Land) provided partial financing, believing it held a first-priority lien. After a default and foreclosure, FVMH sued to quiet title and establish its vendor purchase money lien's priority. The circuit court ruled in favor of FVMH, declaring its lien had first priority and reforming a promissory note and deed of trust. The appellate court affirmed the circuit court's judgment, finding no error in the lien priority determination or the reformation.