United Companies Lending Corp. v. Coates

Barnes, Judge.

United Companies Lending Corporation (“United Companies”) filed a complaint against two minors, Alton Coates, Jr. and Omar Coates (“the minors”), seeking imposition of an equitable trust on property owned by the minors, a declaration that it is subrogated to the position of a prior first lienholder, and restitution of money that unjustly enriched the minors. United Companies claimed it was entitled to equitable relief because the minors’ guardian and mother, Bobbie Coates, defaulted on a loan secured by the property. The trial *717court granted the minors’ motion for summary…