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FDIC seeks indemnity in dispute with second lien holder
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Court Report
Thursday, October 9, 2014
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After purchasing property at a trustee’s sale as receiver for a Nevada bank, the Federal Deposit Insurance Corp. (FDIC) discovered a second lien holder was making claims against the property. Though the dispute was settled, the FDIC sought indemnity from the title company that performed the escrow duties to recoup its losses.
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