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Courts take different approach to determining date of loss
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Court Report
Tuesday, July 19, 2016
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Courts in two states looked for the first time at how to determine the date to calculate damages under a lender’s title insurance policy. In each case the title insurer argued that any damages should be calculated from the time the lender foreclosed on the property, while the lender argued the damages should be calculated from the date the loan closed. The courts took different approaches to addressing the issue.
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