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Lender seeks defense in title dispute, sues title insurer for breach of fiduciary duty
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Court Report
Monday, May 5, 2014
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After a vendor brought action against a purchaser’s lender, which ultimately purchased the property after the purchaser defaulted, and other defendants, seeking to have an equitable lien imposed on the property because the deed of trust that was supposed to secure its loan was never recorded, the lender brought action against the title insurer for breach of contract and breach of fiduciary duty. The trial court granted summary judgment in favor of the title insurer. The lender appealed.
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