Order Michigan Supreme Court
Lansing, Michigan
June 21, 2017 Stephen J. Markman,
Chief Justice
155089 Brian K. Zahra
Bridget M. McCormack
David F. Viviano
Richard H. Bernstein
WELLS FARGO BANK, NA, Trustee for Joan L. Larsen
OPTION ONE MORTGAGE LOAN TRUST Kurtis T. Wilder,
2005-2 ASSET BACKED CERTIFICATES, Justices
SERIES 2005-2,
Plaintiff-Appellee,
v SC: 155089
COA: 328186
Mackinac CC: 2014-007577-CH
SBC IV REO, LLC,
Defendant-Appellant,
and
CAPITOL NATIONAL BANK,
Defendant-Appellee.
_________________________________________/
On order of the Court, the application for leave to appeal the November 29, 2016
judgment of the Court of Appeals is considered. We direct the Clerk to schedule oral
argument on whether to grant the application or take other action. MCR 7.305(H)(1).
The parties shall file supplemental briefs within 42 days of the date of this order
addressing: (1) whether defendant SBC IV REO, LLC is a bona fide purchaser for value
such that the doctrine of equitable subrogation cannot be applied in this case; (2) whether
defendant SBC will be prejudiced by application of equitable subrogation; and, (3)
whether the limitation period of MCL 600.5801(4) applies to the plaintiff’s claim for
equitable subrogation. The parties should not submit mere restatements of their
application papers.
I, Larry S. Royster, Clerk of the Michigan Supreme Court, certify that the
foregoing is a true and complete copy of the order entered at the direction of the Court.
June 21, 2017
t0614
Clerk