(Download) "Knowles E. Leonard v. Brazosport Bank Texas" by Supreme Court of Texas # eBook PDF Kindle ePub Free

eBook details

Title: Knowles E. Leonard v. Brazosport Bank Texas
Author : Supreme Court of Texas
Release Date : January 04, 1982
Genre: Law,Books,Professional & Technical,
Pages : * pages
Size : 64 KB

Description

This appeal attacks a summary judgment entered against appellants, plaintiffs in the court below, in a suit to set aside a trustees foreclosure sale. Appellant contends the property was protected as homestead and no valid lien on the property was created under a deed of trust executed in favor of appellee by a corporate entity because the transfer to the corporate entity was a "pretended" sale. Appellee contends the corporate entity executed a valid deed of trust pursuant to which, after default, a valid foreclosure sale was conducted. Appellee further contends that because it was subrogated to lien rights of a prior lien holder the trustees sale was valid. We agree with appellees claim of subrogation and affirm the holding of the trial court.