Texas High Court Remands Mortgage Refinance Action For Further Consideration

Mealey's (February 1, 2021, 2:25 PM EST) -- AUSTIN, Texas — Ruling that its opinion in a substantially similar action mirrors that of an action seeking determination of whether a lender is entitled to equitable subrogation on a lien against borrowers who failed to make the necessary payments on a mortgage refinance loan, a Texas Supreme Court panel on Jan. 29 issued an opinion reversing and remanding a state appellate panel’s determination that the refinancing lender’s “failure to timely foreclose its lien precluded the lender from seeking recourse through equitable subrogation.”...