(DOWNLOAD) "Providence Institution for Savings v. W. J. Sims D/B/A Lone Star Mill & Lumber Company Et Al." by Supreme Court of Texas * eBook 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.