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Third Circuit issues precedential title coverage opinion
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Court Report
Wednesday, September 12, 2018
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The 3rd U.S. Circuit Court of Appeals handed down a precedential opinion determining the duty of a title insurer to defend the insured against claims of the borrower/mortgagor. The case revolved around a refinance transaction where the borrower sought to void the mortgage, alleging that the recorded documents had been forged. After the title insurer denied coverage, the successor of the lender filed a third-party complaint against the title insurer. Read on for more details.
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