Daron Janis

May 22, 2023 | law360.com | Daron Janis |Dave Foster

By Daron Janis and Dave Foster (May 22, 2023, 5:01 PM EDT) -- On May 12, the Supreme Court of Texas unanimously held in PNC Mortgage v. Howard that a claim to foreclose on a subrogated real property lien accrues when the refinance loan is accelerated, not when the prior loan, i.e., the payoff of which gave rise to subrogation, matures.[1]... Stay ahead of the curveIn the legal profession, information is the key to success.

May 16, 2023 | jdsupra.com | Daron Janis

On May 12, 2023, the Supreme Court of Texas held, in a unanimous decision, that a claim to foreclose on a subrogated real property lien accrues when the refinance loan is accelerated, not when the prior loan (the payoff of which gave rise to subrogation) matures. PNC Mortgage v. Howard, ___ S.W.3d ___, 2023 WL 3398580, at *5 (Tex. 2023). In the process, the Court reaffirmed its ruling in Federal Home Loan Mortgage Corp. v. Zepeda, 601 S.W.3d 763 (Tex.