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Bank claims entitlement to title coverage after assignment
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Court Report
Monday, December 19, 2016
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A bank appealed a Pennsylvania trial court’s granting of judgment on the pleadings in favor of a title insurer in the bank’s suit for coverage under a title insurance policy after it was assigned a mortgage from the original lender. The bank claimed that the owners and other parties to the original sale were defrauded by the settlement agent after it was discovered that a prior mortgage on the property was not satisfied. Read on for more details.
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