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Home / Top Legal News / COA expands equitable subrogation to purchase transactions (access required)

COA expands equitable subrogation to purchase transactions (access required)

  Equitable subrogation is not limited to refinancings and can apply in the context of purchase transactions, a divided panel of the North Carolina Court of Appeals has ruled. In April 2005, John Wood agreed to purchase real property in Wilmington for $878,000. Alpha Mortgage Corporation agreed to lend Wood $650,000, conditioned upon the loan being used ...

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