Richards v. Suckle

OPINION

CANNON, Justice.

This is an appeal from a final judgment granting a judicial foreclosure based upon an equitable right of subrogation. The court below granted appellee’s decree after a two day bench trial. Appellant brings six points of error. We affirm.

Land Futures, Ltd., conveyed land to South Lake Houston Joint Venture by warranty deed. Land Futures, Ltd., retained a vendor’s lien and made the sale subject to a deed of trust. The vendor’s lien was secured by a wrap around promissory note which, itself, incorporated by reference two other promissory notes in the amounts of $245,104…