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Insured demands return of collateral used to indemnify third deed of trust
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Court Report
Tuesday, May 27, 2014
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In order to refinance his property, a California man had to sign an indemnity agreement, promising to indemnify his title insurer against any claims incurred regarding the property. He also had to provide $87,500 as collateral. Later, he demanded that collateral back. When the title insurer refused, the owner filed suit.
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