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Lender files malpractice suit against closing firm for negligent title search
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Court Report
Wednesday, April 27, 2022
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When a couple sought to refinance their loan on residential property in Corbin, Ky., the lender retained a closing firm to conduct the title examination. Believing the request was for an updated title opinion on another property the couple owned, the firm updated an earlier title search on the other property. After the couple defaulted on the refinance loan, the lender discovered the error and had to buy back the property before filing a legal malpractice suit against the law firm.
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