Citimortgage, Inc. v. Barabas

955 N.E.2d 260, 2011 WL 5009422

Opinions

OPINION ON REHEARING

RILEY, Judge.

Citi filed a petition for rehearing of our 2011 Opinion. In that Opinion, we affirmed the trial court’s denial of amended default judgment in favor of ReCasa. We grant Citi’s petition for rehearing to clarify our reasoning, but reaffirm our opinion in all respects.

On rehearing, Citi first argues that our interpretation of Ind.Code § 32-29-8-3 was erroneous. We agree that the correct interpretation of the statute is that the one-year redemption period begins after the sale of the property, not after Citi first acquired interest in the property. However, we find that Citi has failed to demonstrate that the trial court abused its discretion when it denied its motion to intervene and for relief from judgment. Based on the ambiguous language in the mortgage, where MERS was named “solely as nominee for [Irwin],” MERS, and

subsequently Citi, did not have an enforceable right separate from Irwin’s interest. Citimortgage, Inc. v. Barabas, 950 N.E.2d 12, 13 (2011).

ROBB, C.J., concurs. BROWN, J., concurs in part and dissents in part with separate opinion.