Dietrich Industries, Inc. v. U.S.

United States Court of Appeals, Fifth Circuit. No. 92-1609. DIETRICH INDUSTRIES, INC., Plaintiff-Appellant, v. UNITED STATES of America, Defendant-Appellee. April 16, 1993. Appeal from the United States District Court for the Northern District of Texas. Before REAVLEY, KING and WIENER, Circuit Judges. REAVLEY, Circuit Judge: Under Texas law of equitable subrogation, is the purchaser of encumbered property who discharges a senior lien as part of the purchase price entitled to subrogate to the position of priority over a junior recorded lien? We answer that the purchaser is subrogated to the…