JPMorgan Chase Bank v. Howell

OPINION

CRONE, Judge.

Case Summary

JPMorgan Chase Bank, as trustee for Equity One ABS, Inc., Mortgage Pass- Through Certified Series # 2003-1 (“Equity One”) appeals the denial of its request for entry of summary judgment and the granting of the summary judgment motion of JPMorgan Chase Bank, N.A., successor by merger with Bank One, N.A., f(k/a Bank One, Indiana, N.A. (“Bank One”), which resulted in a decree of foreclosure and an in rem judgment in Bank One’s favor. We reverse and remand.

Issue

Is Equity One entitled to equitable sub-rogation?

Facts and Procedural History

The relevant facts are…