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Developer sues title co. over trail exception
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Court Report
Tuesday, December 10, 2013
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A property developer in New York sued its title insurer after a third-party buyer withdrew from an agreement with the developer to purchase the property. It filed a claim, arguing that the property could not be subdivided without preserving the trail and that the property cannot be conveyed without removing the trail. The insurer denied coverage and the developer filed suit.
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