The latest $two hundred, mention kept of the Frontier Financial try unsecured

The latest $two hundred, mention kept of the Frontier Financial try unsecured

Robey and testified the home is actually resold to own $71,, and therefore number the fresh trial legal is actually absolve to undertake much more an indication out of market value

¶ 8 New Court out-of Municipal Appeals accurately observed your $85, profile towards property value the house or property is at the fresh new high stop of your imagine created by Mr. Robey, who’s about real estate business. Mr. Consequently, that view is supported by the evidence presented, and does not in any way oppose this new results of fact by the trial judge.

¶ 9 The newest Robeys including believe that the demo judge erred for the declining to help you award her or him a keen attorney’s percentage. They believe due to the fact results of-fact are “a fair attorney percentage is lay from the Courtroom abreast of right software” the court is required to prize new attorney’s fee. This new demo court seem to reconsidered you to definitely honor as journal admission denied the fresh new Robeys an enthusiastic attorney’s payment. The new Legal regarding Civil Is attractive verified.

¶ ten The latest Robeys allege he could be entitled to an attorney’s fee pursuant to 42 O.S.2001, § 176, that provides: “Within the an activity delivered to demand people lien the newest cluster for who wisdom are rendered might be entitled to recover a fair attorney’s commission, to be repaired because of the legal, and this is taxed while the will cost you on action.” The latest Robeys argue their step up against Long Beach is for starvation of their legal correct as lienholders so you can get the house, that produces the action that demand a good lien.

¶ eleven Label 42 O.S.2001, § 19 brings this package that a good lien that is lower to a different on the same possessions features a straight to receive the house in the same way as its holder you are going to, on the superior lien. The new Robeys encountered the statutory to receive the property from A lot of time Beach. Brand new Robeys had been issued injuries by the demo court as Much time Seashore got see it said a good lien on the assets. twelve O.S.2001, § 764(A)(1). When A lot of time Beach failed to render observe of the foreclosure and you can sale, they prevented the Robeys from redeeming the house. Those rights try statutory developing out of the lien the newest Robeys got resistant to the property.

¶ a dozen Enough time Beach measures up the details in this instance in order to Frontier Given. Sav. and you can Financing Ass’n vmercial Financial, 1990 Ok CIV Software 105, 806 P.2d 1140. If so, a few finance companies kept notes created by a comparable debtor. The latest $31, mention kept from the Industrial Financial try covered from the other commercial paper, that was in addition to for the standard. Banking institutions individually prosecuted the fresh new borrower, and you may just after providing wisdom, Commercial Bank offered brand new guarantee at the sheriff’s deals, which have find to Boundary. Frontier objected, but didn’t appeal on the verification acquisition. Boundary following registered some other action, stating it kept a properly-learned shelter interest in the brand new collateralized industrial paper by advantage of a post-wisdom garnishment continuing, and you will wanted genuine and you will punitive damages having loss sustained due to Commercial Bank’s officially-unreasonably acts. The newest trial judge governed and only Commercial Financial, but rejected Commercial’s application getting a keen attorney’s fee lower than § 176. The brand new Legal from Appeals confirmed, recognizing that the match wasn’t that demand good lien, one Boundary Bank indeed had no lien into the collateralized industrial report. Conversely, the Robeys had a lien with the real property foreclosed by the Much time Coastline.

Basic Federal Financial, 1970 Ok 162, 475 P

¶ 13 The latest Boundary situation alludes to it Court’s choice typically Electric Credit Corp. v. 2d 137, just like the expert because of its holding. As a whole Digital, new junior lienholder sued the main debtors. The brand new elderly lienholder intervened and you will successfully built new consideration of the lien. New elderly lienholder upcoming attempted to assemble an attorney’s percentage regarding the brand new junior lienholder. The fresh demo legal denied the price, and therefore Court verified, observing that the lienholders hadn’t affirmatively asserted the claims against both, but alternatively only up against the borrower. Standard Electronic, 1970 Ok 162, ¶ 8, 475 P.2d within 138. New Robeys enjoys asserted the claim against A lot of time Seashore, and this differentiates this example out of General Electric.

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