Bob Ballinger from Kings River Title has a new post there on equitable subrogation in Arkansas.
What is equitable subrogation? Well, it’s basically a way to fix a mistake. For example, let’s say we have a first mortgage and a judgment lien on a property, and the debtor refinances the first. The title company misses the judgment in its search and the lender who did the refinancing finds itself in second position despite never intending to be. In certain situations a court will basically move it up. Read Bob’s post for more, and if you have title questions, be sure to call him at 479-876-8886.