In Re Kay Lorraine Lewis, Debtor. Superior Bank, Fsb v. James W. Boyd, Chapter 7 Bankruptcy Trustee
Court of Appeals for the Sixth Circuit
1Opinion of the Court
GUY, delivered the opinion of the court, in which SUTTON, J., joined. CARR, C.J., (pp. 748-51), delivered a separate concurring opinion.
OPINION
RALPH B. GUY, JR., Circuit Judge.
Defendant, Superior Bank FSB (Superi- or Bank), appeals from the grant of summary judgment in favor of the trustee, James W. Boyd, avoiding Superior Bank’s mortgage on the debtor’s real property as a preferential transfer pursuant to 11 U.S.C. § 547. Superior Bank argued that its mortgage was equitably subrogated to a prior recorded mortgage. After the appeal was filed in this Court, Superior Bank challenged the subject…
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