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KENNEDY FUNDING, INC. v. PAWLEYS ISLAND NORTH, LLC, 2015-MO-061. (2016)

Court: Supreme Court of South Carolina Number: inscco20160511608 Visitors: 11
Filed: May 11, 2016
Latest Update: May 11, 2016
Summary: THIS OPINION HAS NO PRECEDENTIAL VALUE. IT SHOULD NOT BE CITED OR RELIED ON AS PRECEDENT IN ANY PROCEEDING EXCEPT AS PROVIDED BY RULE 268(d)(2), SCACR. ON WRIT OF CERTIORARI TO THE COURT OF APPEALS PER CURIAM . Petitioner sought a writ of certiorari to review the decision of the court of appeals in Kennedy Funding, Inc. v. Pawleys Island N., LLC, Op. No. 2015-UP-138 (S.C. Ct. App. filed March 11, 2015). We granted the petition and issued an opinion on October 14, 2015. Respondents filed a
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THIS OPINION HAS NO PRECEDENTIAL VALUE. IT SHOULD NOT BE CITED OR RELIED ON AS PRECEDENT IN ANY PROCEEDING EXCEPT AS PROVIDED BY RULE 268(d)(2), SCACR.

ON WRIT OF CERTIORARI TO THE COURT OF APPEALS

Petitioner sought a writ of certiorari to review the decision of the court of appeals in Kennedy Funding, Inc. v. Pawleys Island N., LLC, Op. No. 2015-UP-138 (S.C. Ct. App. filed March 11, 2015). We granted the petition and issued an opinion on October 14, 2015. Respondents filed a petition for rehearing, which we granted. We now withdraw our previous opinion and substitute this opinion. We grant the petition for a writ of certiorari; dispense with further briefing; vacate the holding of the Court of Appeals that because the mortgage between Pawleys Island North, LLC, and Kennedy Funding, Inc. was not fraudulent, petitioner's lien did not have priority; and remand this matter to the court of appeals to rule on the issue raised by petitioner.

Section II of the court of appeals' opinion fails to address petitioner's argument in Question B of his brief to the court of appeals that the fraudulent conveyance between Will Darwin Wheeler and Pawleys Island North, LLC, rendered the mortgage void and, therefore, petitioner's lien is superior to respondents' lien. Accordingly, we vacate section II of the court of appeals' opinion and remand the matter for the court of appeals to rule on that argument.

VACATED IN PART AND REMANDED.

PLEICONES, C.J., BEATTY, KITTREDGE, HEARN, JJ., and Acting Justice Jean H. Toal, concur.

Source:  Leagle

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