USLife Title Ins. Co. of Dallas v. Romero

OPINION

NEAL, Judge.

This case presents two issues:

1. Whether, under the circumstances of this case, the trial court correctly determined that USLife Title was not entitled to be subrogated to Internal Revenue Service tax lien No. 38459.

2. Whether Robert and Margaret Romero, and James and Norene Romero, were properly allowed to claim, prior to foreclosure, $10,000 homestead exemptions pursuant to § 42-10-9, N.M.S.A.1978.

We affirm the trial court on the subrogation issue. We reverse the trial court on the homestead exemption issue, finding that the two Romero couples were not entitled to…