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MATRIX FINANCIAL SERVICES CORP. v. FRAZER

No. 26859.

394 S.C. 134 (2011)

714 S.E.2d 532

MATRIX FINANCIAL SERVICES CORPORATION, Respondent, v. Louis M. FRAZER, Linda S. Frazer, Matthew Kundinger, and Parks Grove Homeowners Association, Inc., Defendants, Of whom Matthew Kundinger is the, Appellant.

Supreme Court of South Carolina.

Re-filed August 8, 2011.

Attorney(s) appearing for the Case

David Alan Wilson , of Horton Drawdy Ward & Jenkins, of Greenville, and Edward Scott Sanders , of Greenville, for Appellant.

Earle G. Prevost and Michael J. Giese , both of Leatherwood Walker Todd & Mann, of Greenville, for Respondent.

Chief Justice TOAL.

Matthew Kundinger (Appellant) enrolled a default judgment against Louis and Linda Frazer (the Frazers) before the Frazers closed a refinance mortgage with Matrix Financial Services Corporation (Matrix). In Matrix's foreclosure action, the master-in-equity granted Matrix equitable subrogation, giving the refinance mortgage priority over Appellant's judgment lien. We certified the case pursuant to Rule 204(b),

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