Dominion Financial Services, LLC v. Bank of America, N.A.

Decision of Maryland Court of Special Appeals

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Maryland's intermediate appellate court has affirmed the Baltimore City Circuit Court's grant of summary judgment in favor of Bank of America, which loaned money for a home purchase without paying off a prior lien. Maryland's legal concept of "equitable subrogation" allows Bank of America to leap-frog over the prior lien to the first position. This decision affirms long-standing law, and paves the way for the homeowner to seek modification of her Bank of America loan.

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Published In: Civil Procedure Updates, General Business Updates, Residential Real Estate Updates

Reference Info:Decision | State, 4th Circuit, Maryland | United States

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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