Citizens State Bank of New Castle v. Countrywide Home Loans, Inc.
Indiana Supreme Court
1Opinion of the Court
RUCKER, Justice.
A mortgage holder foreclosed its mortgage, took title to the subject property at a sheriffs sale, and then sold the property to a third party. The foreclosing mortgagee subsequently discovered it had inadvertently failed to name a junior lienholder in the foreclosure action. We granted transfer to shed light on the status of the original first mortgage in this context.
Facts and Procedural History
On April 27, 2005 Countrywide Home Loans, Inc. (“Countrywide”) obtained a first mortgage against certain real estate owned by Rita K. Cloud and Kenneth D. Cloud located in Steuben…
2Cases cited28 opinions
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