FINANCE CENTER FEDERAL CREDIT UNION v. Brand

OPINION

VAIDIK, Judge.

Case Summary

Ronnie D. Brand and Debora J. Brand (collectively, "the Brands") refinanced their first and second mortgages with GMAC Mortgage, LLC. Despite GMAC fully paying off the Brands' first and see-ond mortgages as part of the refinancing process, the Brands' second mortgage-a home equity line of credit with Finance Center Federal Credit Union-was never released. Finance Center later advanced additional funds to the Brands. When the Brands thereafter defaulted on the GMAC mortgage, a dispute erupted over the priority of the GMAC and Finance Center mortgages. The trial…