RUSH v. ALASKA MORTG. GROUP

No. S-7348.

937 P.2d 647 (1997)

Linda Sue RUSH, Appellant, v. ALASKA MORTGAGE GROUP, Gerry DePriest and Maryanne DePriest, Appellee.

Supreme Court of Alaska.

April 25, 1997.


Attorney(s) appearing for the Case

John R. Snodgrass, Jr., Palmer, for Appellant.

Tonja Woelber, Anchorage, for Appellee.

Before COMPTON, C.J., and RABINOWITZ and EASTAUGH, JJ.


OPINION

EASTAUGH, Justice.

I. INTRODUCTION

Linda Sue Rush entered into a real estate transaction that inadvertently extinguished her senior security interest in the land. As a result, Alaska Mortgage Group, which held the second deed of trust, became the senior lienholder. We must decide whether equitable subrogation restores the priority of Rush's security interest. The superior court ruled against her and granted summary judgment to Alaska...

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