METROPOLITAN NATIONAL BANK v. COMMONWEALTH LAND TITLE INSURANCE COMPANY, Defendant/Respondent

WILLIAM W. FRANCIS, JR., C.J./P.J.

Metropolitan National Bank (“Metropolitan”) appeals summary judgment entered in favor of Commonwealth Land Title Insurance Company (“Commonwealth”). We reverse and remand this matter to the trial court for further proceedings.

Factual and Procedural History

On Febrúary 2, 1999, Jo Belle Hopper (“Hopper”) sold a parcel of real property (“Tract 3”) to Red Rocket Fireworks, Inc. (“Red Rocket”), in exchange for Red Rocket’s promissory note and deed of trust. In June 2005, Red Rocket notified Hopper that it intended to apply for a loan with Metropolitan, to be…