Real Property – Equitable Subrogation – Mortgages – Liens – ForeclosureCountrywide Home Loans Servicing, LP v. States Resources Corp. A lender seeking equitable subrogation was not excusably ignorant, since a title search would have revealed the intervening lien. Equitable subrogation is not available as a remedy in these circumstances. The trial court did not err by granting a judgment on the pleadings to an intervening lien holder.
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Published: August 19, 2011
Time posted: 9:54 am
Tags: Equitable Subrogation, foreclosure, Liens, mortgages, Real Property