DS News--Robert D. Forster, II, Managing Partner, BDF Law Group
The Texas Supreme Court recently granted a lender's petition, finding that "equitable-subrogation rights become fixed at the time the proceeds from a later loan are used to discharge an earlier lien" and that a “lender’s negligence in preserving its rights under its own lien does not deprive the lender of its rights in equity to assert an earlier lien that was discharged using proceeds from the later loan”.