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Lender sues insurer for coverage of title dispute
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Court Report
Wednesday, August 17, 2016
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An insured lender filed suit against its title insurer, claiming it breached the policy by refusing to compensate the lender for loss of real property after a municipality obtained title in state court. The insured had obtained the property through foreclosure before the municipality foreclosed on the property for borrower’s unpaid assessments. Read on for more details.
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