In Park Bank, there was an open line of credit, and the court subrogated only $31,150 of the total line of credit of $150,000.
Summary of this case from Trampush v. United FCS (In re Trampush)No. 2015AP126.
12-23-2015
PARK BANK, Plaintiff–Appellant, v. David W. JACKSON, Defendant, Wachovia Mortgage Corporation, Defendant–Respondent.
Affirmed.
In Park Bank, there was an open line of credit, and the court subrogated only $31,150 of the total line of credit of $150,000.
Summary of this case from Trampush v. United FCS (In re Trampush)involving an open line of credit
Summary of this case from Trampush v. United FCS (In re Trampush)Full title:PARK BANK, Plaintiff–Appellant, v. David W. JACKSON, Defendant, Wachovia…
Court:Court of Appeals of Wisconsin.
Date published: Dec 23, 2015
For subrogation to be equitable, the new lender must have had a justifiable expectation of receiving…