Travelers Insurance v. Holiday Village Shopping Center Ltd.

Appellants (collectively HVSC), appeal from the Amended Findings of Fact, Conclusions of Law, Judgment, and Decree of Foreclosure entered by the Twelfth Judicial District Court, Hill County, foreclosing their interest in the subject property and ordering a sheriff’s sale. We reverse and remand.

We restate the issues raised by HVSC as follows:

1. Did the District Court err in determining that HVSC’s interest in the subject property was subject to Travelers’ liens?

2. Did the District Court err in determining that the subordination agreements executed by HVSC granted Travelers a security interest…