5 Pages Posted: 8 Nov 2011
Date Written: November 7, 2011
Analysis of a recent decision holding that the insurance carrier who had paid the first mortgagee had a superior right to the remaining value of the property by virtue of subrogation than did the second mortgagee, even though the second was also insured under the same policy.
Keywords: Priorities, subrogation, mortgages, Certain Underwriters at Lloyds v. Kirkland
Suggested Citation: Suggested Citation
Bernhardt, Roger, The Priority Fight Between the Second Mortgagee and the Subrogated Insurance Carrier (November 7, 2011). Available at SSRN: https://ssrn.com/abstract=1956213 or http://dx.doi.org/10.2139/ssrn.1956213