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Reliance Equities v. Special Equity Partners

The superior court was authorized to find that appellant did not redeem the tax deed in question and, therefore, was not entitled to contribution from appellee.

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This appeal arises out of an equitable partition proceeding in which the parties, appellant, Reliance Equities, LLC “Reliance” and appellee, Specialty Equity Partners, LLC “SEP”, independently acquired interests in certain real property as tenants-in-common by purchasing two unredeemed tax deeds. One unredeemed tax deed was held by Reliance’s sister company, Marathon Investment Corporation “Marathon”; the other was held by SEP’s sister company, Baldwin Tays Company, LLC “Baldwin”. Upon acquiring the tax deeds, Marathon and Baldwin began proceedings to bar the right of redemption and sent notices to parties with an interest in the subject property. SEP redeemed Marathon’s tax deed and Marathon redeemed Baldwin’s tax deed. Thereafter, Reliance brought suit seeking partition of the subject property and contribution from SEP for the tax deed redemption.

The superior court found that because Reliance did not pay to redeem Baldwin’s tax deed, it was not entitled to seek contribution from SEP. Reliance appeals; its sister company, Marathon, is not a party to this case.

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