Homeowners sue title insurer for failing to promptly and reasonably address title defects
After failing to sell their home because of defects in the title, a New Jersey couple filed suit against their title insurer. While the insurer resolved the title defects in the couple’s favor, the couple argued that the title insurer breached the title insurance contract by failing to uncover the defects and that the company’s efforts to cure the title defects were not prompt and reasonable. The case eventually made it to the 3rd U.S. District Court of Appeals.
Real estate software developer sues law firm over title rate calculator copyright infringement
A real estate software developer who created a Pennsylvania Title Insurance Rate Calculator sued a law firm who the developer argued infringed on his copyright by placing a version of the rate calculator on its website. The U.S. District Court for the Eastern District of Pennsylvania heard the firm’s motion to dismiss.
Wisconsin bulletin disapproves blanket exceptions in title policies
The Wisconsin insurance commissioner issued a bulletin informing title insurers that his office has received a complaint about title companies using blanket exceptions in their title insurance policies. He also informed title insurers that beginning June 24, he would be disapproving title insurance forms that include these exceptions.
Seeing clearly: Navigating the uncertainties of lender liability
During October Research, LLC’s National Settlement Services Summit this year, George Houghton, group president, agency operations, Stewart Information Services Corp., led a panel discussion with William Burding, executive vice president, general counsel, Orange Coast Title Co.; Penny Reed, vice president, industry outreach-business capabilities development, Wells Fargo Home Mortgage; and Paula-Rose Stark, senior principal, Promontory Financial Group LLC, on how to gain clarity and move forward to address the concerns of lenders and agents.
Massive, $2M mortgage fraud leads to dispute between Flagstar Bank and Lawyers Title
In a complex, $2 million mortgage fraud case involving Flagstar Bank, an appellate court upheld a trial court’s denial of claims against Lawyers Title in its capacity as sub-escrow agent and title insurer.
Liability-free: The way for all notaries to be
At the National Notary Association’s recent annual conference in Phoenix, certified NNA instructor Kathleen Taylor presented a session called “Four Habits that Protect You from Liability.” Read on for the basic guidelines every notary public should follow to stave off legal action, incarceration or cancellation of their licenses.