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Note holder, title insurer debate statute of limitations
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Court Report
Wednesday, December 9, 2020
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After purchasing a note as part of a portfolio, the note holder examined the file and found that the deed of trust for the property had not been recorded. It sought coverage from the title insurer to address the issue, but the title insurer denied coverage. The note holder filed suit and the title insurer moved for summary judgment, arguing the note holder’s claims were barred by the three-year statute of limitations. The case eventually went before the Court of Special Appeals of Maryland.
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