Homecomings Financial Network, Inc. v. Brown

THOMAS H. NEWTON, Judge.

Ms. Tiffany Brown and Mr. James McCray (collectively “Buyers”) appeal the trial court’s judgment in favor of Homecomings Financial Network, Inc. (Homecomings). Buyers argue that the trial court erred in granting Homecomings’s petition for damages because Homecomings was not entitled to the equitable remedy of subrogation. We affirm in part, reverse in part, and remand.

Factual and Procedural Background

Buyers purchased a home and financed it through NovaStar Home Mortgage, Inc. (NovaStar). Buyers borrowed $127,181 at an interest rate of 7.6%, which required them to make…