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Lender sues insurer over reservation of county right-of-way
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Court Report
Monday, June 15, 2020
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The Court of Appeals of South Carolina recently determined whether a reservation of a right-of-way on an official county map constitutes a defect in or encumbrance on the title to the affected land, or renders its title unmarketable, and therefore comes under the coverage of title insurance. The title insurer denied a lender’s claim and the lender sued for breach of contract and breach of the covenant of good faith and fair dealing. Read on for more details.
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