Question of the day for me:
ABC Mortgage & Trust Company merged into ABC Mortgage Co, Inc; with ABC Mortgage & Trust going out of existence. Some chowderhead used a preprinted mortgage form & thus, Joe Blow & Wife gave a mortgage to ABC Mortgage & Trust Company (which no longer had any legal existence).
Now the property's in foreclosure. Since I never hear about the solutions to the problems I present my clients, I am turning to SOT. What would work here? Equitable subrogation; reforming the mortgage through Land Court; reviving the corporation for one day, so that an assignment of mortgage could be made to ABC Mortgage Co, Inc?? Let me know what you think -- & thanks.
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