Liberty Mortgage Corp. v. National City Bank
Indiana Court of Appeals
1Opinion of the Court
OPINION
FRIEDLANDER, Judge.
Liberty Mortgage Corp., Inc. (Liberty) appeals from a judgment and decree of foreclosure, in which the trial court granted summary judgment in favor of National City Bank of Southern Indiana (National City). The following issue is dispositive of this appeal: Did the trial court err in not applying the doctrine of equitable subrogation?
We affirm.
On October 21, 1995, Steven and Teena Morris opened up a line of credit with National City and executed an Equity Reserve Agreement, in the amount of $35,000, with interest accruing at a variable rate. The equity reserve…
Also in this document: Concurrence.
2Cases cited10 opinions
- Waldridge v. Futurex Industries, Inc.Indiana Court of Appeals · 1999
- Bowen v. RatcliffIndiana Supreme Court · 1895
- Loving v. Ponderosa Systems, Inc.Indiana Supreme Court · 1985
- Pioneer Lumber & Supply Co. v. First-Merchants National BankIndiana Court of Appeals · 1976
- Ticor Title Insurance Co. of California v. GrahamIndiana Court of Appeals · 1991
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- Dreibelbiss Title Co. v. MorEquity, Inc.Indiana Court of Appeals · 2007
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