Chase Home Finance, L.L.C. v. Cal Western Reconveyance Corp.

OPINION

KEM THOMPSON FROST, Justice.

The main issue in this case is whether, under the doctrine of subrogation, appellant Chase Home Finance, L.L.C., as servicing agent for HSBC Bank USA, N.A., trustee, should be subrogated to the rights of the holder of a prior, superior lien. If subrogation is allowed, then Chase’s lien would be superior to the lien of appellee Real Time Resolutions, Inc., acting on behalf of RTR Properties, L.L.C., and the foreclosure of Chase’s lien would cut off Real Time’s lien. After a bench trial, the trial court concluded that allowing subro-gation would cause material…