Associates Home Equity Svcs. v. Franklin National Bank

IN THE COURT OF APPEALS OF TENNESSEE AT NASHVILLE October 11, 2000 Session ASSOCIATES HOME EQUITY SERVICES, INC. v. FRANKLIN NATIONAL BANK Appeal from the Chancery Court for Davidson County No. 99-3037-I Irvin H. Kilcrease, Jr., Chancellor No. M2000-00516-COA-R3-CV - Filed March 26, 2002 In this appeal Associates, a mortgage company, appeals the trial court’s holding that it was not entitled to equitable subrogation to the rights and priority of earlier mortgagees whose loans it paid off. Franklin, another mortgage company, made a loan to the same property owners one day before Associates…