Mercantil Intercontinental, Inc., and Kristina Estates Land Corporation appeal a final judgment of foreclosure insofar as it determined that a mortgage held by Generalbank was entitled to priority over Mercantil's and Kristina's mortgages on three lots in a subdivision. We reverse.
Mercantil held a purchase money first mortgage on various undeveloped lots in a new subdivision. The owner-mortgagor was...
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