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US BANK, N.A. v. JPMORGAN CHASE BANK, N.A.

No. 1 CA-CV 16-0253.

398 P.3d 118 (2017)

US BANK, N.A., Plaintiff/Appellee, v. JPMORGAN CHASE BANK, N.A., Defendant/Appellant.

Court of Appeals of Arizona, Division 1.

FILED June 29, 2017.

Attorney(s) appearing for the Case

Jaburg & Wilk, PC, Phoenix, By David L. Allen , Nichole H. Wilk , Counsel for Plaintiff/Appellee.

Maynard, Cronin, Erickson, Curran & Reiter, PLC, Phoenix, By Douglas C. Erickson , Counsel for Defendant/Appellant.

Judge Diane M. Johnsen delivered the opinion of the Court, in which Presiding Judge Samuel A. Thumma and Judge Patricia K. Norris joined.

OPINION

¶ 1 In this dispute between two lenders, we address the doctrines of "replacement" and equitable subrogation as they apply to respective lien rights. We affirm the superior court's application of the replacement doctrine to a claim by US Bank, N.A. for declaratory relief. We vacate the court's application ...

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