1. Home
  2. Browse Decisions
  3. N.W.2d
  4. 742 N.W.2d
  5. 742 N.W.2d 901 (2007)
 

COUNTRYWIDE HOME LOANS, INC. v. SCHMIDT

No. 2006AP2908.

742 N.W.2d 901 (2007)

2007 WI App 243

COUNTRYWIDE HOME LOANS, INC. d/b/a America's Wholesale Lender, for the benefit of UBS Warburg Real Estate Securities, Inc., Plaintiff-Appellant v. Gary C. SCHMIDT, unknown spouse of Gary C. Schmidt, and Wisconsin Department of Workforce Development, Defendants-Respondents, Jeanne Mayer, Defendant-Third-Party, Plaintiff-Respondent, v. Todd A. Brunner, Third-Party Defendant.

Court of Appeals of Wisconsin.

Opinion Filed October 10, 2007.

Attorney(s) appearing for the Case

On behalf of the plaintiff-appellant, the cause was submitted on the briefs of Penny G. Gentges and Arthur M. Moglowsky of Bass & Moglowsky, S.C., of Milwaukee.

On behalf of the defendant-third-party plaintiff-respondent, the cause was submitted on the brief of David A. Wanta of Trapp & Hartman, S.C., of Brookfield and Kent A. Tess-Mattner of Schmidt, Rupke, Tess-Mattner & Fox, S.C., of Brookfield.

Before BROWN, C.J., NETTESHEIM and SNYDER, JJ.

¶ 1 BROWN, C.J.

Equitable subrogation is a doctrine whereby one who has paid off another's mortgage obligation is treated as the owner of that obligation. In this case, Countrywide Home Loans, Inc. lent Gary Schmidt $360,000 secured by a home mortgage. There was a problem, though—at the time Countrywide lent Schmidt the money, the house was no longer Schmidt's to mortgage. Jeanne Mayer had contracted to buy it for $300,000 and had sued Schmidt for specific...

Let's get started

Leagle.com

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases