Velazquez v. Serrano

Appellant, Ana Velazquez (“Velazquez”), appeals from a final judgment entered in favor of appellee Deutsche Bank, N.A. Because the trial court erred in entering summary judgment on the grounds that Deutsche Bank’s mortgage is senior to Velazquez’s mortgage, we reverse the final judgment.

On July 22, 2005, Velazquez sold certain real property to Armando Serrano; the closing documents reflected a sales price of $320,000. At the closing, Serrano executed two purchase money mortgages in favor of Hayhurst Mortgage, to secure notes for $256,000 and $64,000. The Hayhurst mortgages were recorded on…