CITIBANK MORTG. CORP. v. CARTERET SAV. BANK

No. 91-2185.

612 So.2d 599 (1992)

CITIBANK MORTGAGE CORPORATION, a Florida corporation, Appellant, v. CARTERET SAVINGS BANK, F.A., et al., Appellees.

District Court of Appeal of Florida, Fourth District.

Granting Certification of Question February 16, 1993.


Attorney(s) appearing for the Case

Kenneth S. Hoffman, Miami, for appellant.

William R.H. Broome of Broome, Kelley & Aldrich, P.A., West Palm Beach, for appellees.


DELL, Judge.

Citibank Mortgage Corporation (Citibank) appeals from an order that declared its prior judgment against a joint venture purchaser of unimproved land subordinate to a subsequent mortgage given by the joint venture purchaser to secure the repayment of a loan made for the acquisition and development of the property. We reverse.

On August 31, 1987, Caribank Mortgage Corporation, predecessor in interest to Citibank Mortgage Corporation, obtained a...

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