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How do you determine when to calculate diminution of value?
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Court Report
Thursday, August 20, 2015
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A title insurer sued its insured, which had obtained a lender’s title insurance policy and later obtained title to the property through foreclosure proceedings after the borrowers discovered title defects. The title insurer sought a declaration that the starting date to calculate the diminution in value was the date of foreclosure. The insured counterclaimed, seeking that the starting date was the date the loans were issued. Read on for more details.
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