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Homeowner sues to enforce indemnity agreement
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Court Report
Friday, November 4, 2011
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A Long Beach, Calif., homeowner sued his title company after the title company refused to give back collateral posted as part of an indemnity agreement. The title company called for the indemnity agreement to protect itself from potential adverse actions due to a deed of trust on the property it discovered when the homeowner refinanced his mortgage. Read on to find out how the Second Appellate District Court of Appeal ruled when the case came before it.
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