New Jersey Appellate Division Holds Actual Knowledge of Intervening Mortgage No Longer Bars Equitable Subrogation
In New York Mortgage Trust v. Deely, Docket No. A-1261-19 (App. Div. Feb. 12, 2021), approved for publication, the Appellate Division held that actual knowledge of a prior intervening mortgage does not bar the application of equitable subrogation and formally adopted the Restatement (Third) of Property’s approach. The factual scenario giving rise to the […]