Reverse Mortgage Funding, LLC v. Carla Nagle Blevins Robertson
Reverse Mortgage Funding, LLC (RMF) appealed a default judgment entered against it after failing to timely answer a lawsuit filed by Carla Nagle Blevins Robertson. Robertson sought to quiet title, asserting that Katie Nagle, who entered a reverse mortgage with RMF's predecessor, only possessed a life estate that terminated upon her death, rendering the mortgage void. RMF moved for a new trial, claiming a meritorious defense as a bona fide mortgagee without actual or constructive notice of Robertson's claim. The Court of Appeals initially affirmed the trial court's judgment, finding RMF failed to factually support its claims of lacking notice. Subsequently, the parties settled, leading to the appeal's dismissal, though the court denied the request to withdraw its earlier opinion, citing its public importance.