Legal Opinion
William H. Metcalfe & Sons, Inc. v. Canyon Defined Benefit Trust
Court of Appeals of Maryland
Decided February 13, 1990No. 140, September Term, 1987PublishedCited by 3 opinions
1Opinion of the Court
COLE, Judge.
In this case we are asked to decide whether a junior lienholder on a portion of real property, foreclosed and sold in bulk, may be fully satisfied from the surplus of proceeds remaining after satisfaction of the primary lienholder without considering another and even more junior lien in the entire property.
The controversy revolves around two tracts of real property, one containing thirty-one (31) lots and the other containing ten (10) lots, situated in Prince George’s County and owned by Intercontinental Construction Company. Washington Federal Savings and Loan Association…
2Cases cited17 opinions
- Rankin v. ScottSupreme Court of the United States · 1827
- Union Trust Co. v. BiggsCourt of Appeals of Maryland · 1927
- Equitable Trust Co. v. ImbesiCourt of Appeals of Maryland · 1980
- Garner v. Union Trust Co.Court of Appeals of Maryland · 1945
- Jackson v. County Trust Co.Court of Appeals of Maryland · 1939
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3Cited by3 opinions
- In Re RL Kelly and Sons, MillersUnited States Bankruptcy Court, D. Maryland · 1991
- Schaller v. Castle Development Corp.Court of Special Appeals of Maryland · 1996
- Azabu Liquidating Trust v. Beecher, Ltd. (In Re Azabu Buildings Co.)United States Bankruptcy Court, D. Hawaii · 2008