Legal Opinion
Liberty National Bank & Trust Co. v. Vanderkraats
Court of Appeals of Kentucky
Decided June 9, 1995No. 94-CA-001329-MRPublishedCited by 2 opinions
1Opinion of the Court
SCHRODER, Judge:
This case arises out of a mortgage foreclosure which interpreted KRS 134.420 as affording the Commonwealth priority for tax liens ahead of the mortgagee where part of the tax liability was assessed after the recording of the mortgage.
A condensed version of the facts is that on September 15, 1976, the appellees, Frank and Virginia Vanderkraats (Taxpayers) purchased a home (Premises) in Jefferson County. The Taxpayers received a $108,613.14 loan on June 6, 1990 from appellant which was secured by a mortgage on the premises. At the time the mortgage was recorded, appellant was…
2Cases cited4 opinions
- Louisville Title Mortgage Co. v. Commonwealth Ex Rel. Unemployment Compensation CommissionCourt of Appeals of Kentucky (pre-1976) · 1944
- Midland-Guardian Co. v. McElroyCourt of Appeals of Kentucky · 1978
- Weissinger v. ManniniCourt of Appeals of Kentucky · 1958
- Commonwealth v. J. B. Jellico Coal CompanyCourt of Appeals of Kentucky (pre-1976) · 1928
3Cited by2 opinions
- Wells Fargo Bank, Minnesota, N.A. v. CommonwealthKentucky Supreme Court · 2011
- Commonwealth Revenue Cabinet v. HallCourt of Appeals of Kentucky · 1997