Legal Question in Banking Law in California
How do you calculate the interest for subrogation purposes in a mortgage? Is it the 7% prejudgment? The rate of interest of the loan which was paid off? The rate of the new loan?
Asked on 5/29/13, 4:00 pm
1 Answer from Attorneys
Your question makes no sense. Subrogation is an insurance issue. It has nothing to do with mortgages and little or nothing to do with interest.
Answered on 5/29/13, 5:21 pm
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