(Download) "Providence Institution for Savings v. W. J. Sims D/B/A Lone Star Mill & Lumber Company Et Al." by Supreme Court of Texas " Book PDF Kindle ePub Free

eBook details

Title: Providence Institution for Savings v. W. J. Sims D/B/A Lone Star Mill & Lumber Company Et Al.
Author : Supreme Court of Texas
Release Date : January 14, 1969
Genre: Law,Books,Professional & Technical,
Pages : * pages
Size : 75 KB

Description

The proceeds of a loan secured by a deed of trust on real estate were used, pursuant to an express subrogation agreement, to retire part of the indebtedness secured by a first lien on the property. There was an intervening mechanics lien. The remainder of the indebtedness secured by the first lien was later subordinated to the deed of trust, which was subsequently foreclosed. The question to be decided is whether the purchaser at the foreclosure sale took the property free of or subject to the mechanics lien.