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Insured, title company dispute closing protection letter indemnification
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Court Report
Tuesday, May 12, 2015
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After being the victim of a mortgage fraud scheme, a lender sued several parties for damages. It also sued its title insurer, arguing that the insurer had a contractual obligation to indemnify it for losses under the terms of a closing protection letter. The case bounced between a Michigan trial and appellate court, and most recently was before the Michigan Court of Appeals.
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