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Does title co. have duty to purchaser of fraudulent mortgage?
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Court Report
Wednesday, April 3, 2013
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Does a title insurer have a duty to the person who unknowingly purchased a fraudulent mortgage from the unsuspecting loan originator? That question was addressed by the Second District Court of Appeals of California when the purchaser of a falsified mortgage sued several parties to the fraudulent transaction, including the title underwriter who handled the escrow and issued the title policy. Read on to find out how the court answered the question.
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