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Calculating loss of insured junior mortgagee
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Court Report
Wednesday, August 12, 2015
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The Minnesota Court of Appeals had to determine how to calculate actual loss under a junior mortgagee’s title insurance policy after prior mechanic’s lien holders sought to foreclose on their liens. The junior mortgagee’s title insurer denied the mortgagee’s claim for indemnity. Read on for more details.
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