In Re Ocwen Financial Services, Inc.

OPINION

HUDSON, Judge.

In this mortgage-priority dispute involving registered Torrens property, appellant argues that the district court erred in ruling that respondent’s mortgage had priority over appellant’s mortgage, because (a) appellant’s mortgage was registered before respondent’s mortgage; (b) the settlement statement unambiguously identified respondent’s mortgage as the “second mortgage”; and (c) even if the settlement statement was ambiguous as to mortgage priority, the ambiguity presents a genuine issue of material fact necessitating a trial. Because Minnesota Torrens law provides…