Legal Opinion
Houston Lumber Co. v. Skaggs
New Mexico Supreme Court
Decided June 18, 1980No. 12322PublishedCited by 4 opinions
1Opinion of the Court
OPINION
PAYNE, Justice.
On June 30, 1977, appellant Sandia Savings loaned Jimmy Richard Skaggs $37,000 for the construction of a home on Skaggs’ property. Sandia Savings secured the loan by taking a construction loan mortgage on the property. Skaggs hired Jim Burnett, a contractor, to build the house, which he did with the aid of subcontractors and material-men, including Houston Lumber Company.
On November 28, 1977, Sandia Savings simultaneously released the construction loan mortgage and filed a permanent loan mortgage. Houston Lumber and .others had not been paid for all the labor and…
2Cases cited4 opinions
- Hadley v. SchowNebraska Supreme Court · 1945
- Larson Cement Stone Co. v. Redlim Realty CompanyNebraska Supreme Court · 1965
- Guleserian v. FieldsMassachusetts Supreme Judicial Court · 1966
- Kellogg Bros. Lumber Co. v. MularkeyWisconsin Supreme Court · 1934
3Cited by4 opinions
- Wilmington Trust FSB v. A1 Concrete Cutting & Demolition, LLCNevada Supreme Court · 2012
- Resolution Trust Corp. v. BarnhartNew Mexico Court of Appeals · 1993
- Rush v. Alaska Mortgage GroupAlaska Supreme Court · 1997
- Montoya v. Litton Loan Servicing, LP (In Re Beltramo)United States Bankruptcy Court, D. New Mexico · 2007