JD Supra

Texas Supreme Court Affirms a Lender’s Equitable Subrogation Rights Following ‎Expiration of the Statute of Limitations on the Lender’s Lien

On January 29, 2021, the Texas Supreme Court confirmed that the voiding of a lender’s lien due ‎to the expiration of the statute of limitations does not preclude the lender from foreclosing on a ...
JD Supra

Texas Supreme Court Confirms Texas Home-Equity Lenders Are Entitled to Equitable Subrogation Irrespective of Failures to Correct Curable Constitutional Defects in Loan Documents

Last week, the Texas Supreme Court issued a significant decision in favor of Texas home-equity lenders in Federal Home Loan Mortgage Corporation v Zepeda, No. 19-0712, answering “yes” to the following ...
Law

Bank Request on Foreclosure Remedy Gets Cold Shoulder at Texas Supreme Court

Texas Supreme Court justices appeared reluctant to provide a judicial foreclosure remedy to PNC Mortgage in a wrongful foreclosure case that the refinance industry cautioned will cause turmoil in that ...