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What does Equitable subrogation/resolution mean.

Posted on: 20th Jul, 2010 11:39 am
court denies motion for foreclosue court also holds decision re: power of attorney. the power of attorney stated (a) loan meaning one which was my intention. we needed to refinance our duplex because he paid cash on the property without consulting me, then he complain about paying too much taxes. i was not sure when the american embassy would gave me the approval that my children were mine. they would not believe that my children 2 boys were mine because i had the first born at age 40. i could not come back with my children to the states. this is when the problem started. as a matter of fact the power of attorney did not get used for its intended purpose because i came back to the states sooner than anticipated. but i trusted my husband. i honestly thought that he would let me know when it was time to refinance which is a major decision. so he refinance about 3 to 4 times. as a matter of fact he lied on the application that he was single. but when they did a title search he was married. my lawyer stated that this should have been a (flag). they had my adress i feel that by law they had to let me know. when my probate attorney wrote them a letter their reply was it was my husband's house before we got married. the truth was we bought the house together before we got married. court orders briefing on equitable subrogation/resolution and mediation prior to submitting breifs court suggested the mediator be marquette law school. what does this mean. i feel i should not have to pay for this. i feel that the title insurance is responsible. my lawyer agrees with me. nthank you for your time
Hi bjerusalem,

As far as I know, with the help of equitable subrogation one who pays off the mortgage obligation of another person is treated as the beneficial owner of that original obligation.

Thanks,

Jerry
Posted on: 21st Jul, 2010 02:55 am
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