SunTrust Bank v. Equity Bank, S.S.B.

McFadden, Judge.

This case involves a dispute between two banks over the priority of competing security deeds. The trial court ruled on summary judgment that the first recorded deed did not provide constructive notice of that bank’s security interest because it contained a mistaken metes and bounds description of the subject property. But because the security deed properly identified the property by its street address and tax parcel identification number, it provided constructive notice, and we therefore reverse the summary judgment rulings of the trial court.

Summary judgment is proper when…