Weitz v. Heth – 8/26/2014
September 5, 2014
Arizona Supreme Court Holds That (1) A.R.S. § 33-992(A) Does Not Preclude Assignments by Equitable Subrogation of a Lien That Attached Before Construction Began on the Project at Issue and (2) When a Single Mortgage Burdens Multiple Parcels, a Third Party May Be Entitled to Equitable Subrogation When That Party Has Paid a Pro Rata Amount of the Obligation and Obtained a Full Release of the Parcel at Issue from the Mortgage.
