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Bank seeks indemnity in suit over unpaid prior mortgage
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Court Report
Tuesday, September 16, 2014
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After discovering that a title agent did not pay off a prior mortgage as instructed, a bank sued the agent and its underwriter for breach of contract, breach of fiduciary duty and fraud. The prior lender had filed a foreclosure action and the owners of the property were suing the bank for allegedly breaching its obligations.
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