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Courts won't be fooled on equitable subrogation in a mortgage context

Friday, March 23, 2018 @ 8:57 AM | By Ray Mikkola

Subrogation is the legal principle pursuant to which a person may have the right to accede to the rights of another. For example, when an insurer pays a claim of the insured, the insurer may be subrogated to the rights of the insured for the purpose of making any claim which the insured could have made against any other party. In a mortgage context, subrogation allows a person who pays out a mortgage to be entitled to the benefits of the mortgage. Because typically the mortgage...