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Homeowners sue title insurer for failing to promptly and reasonably address title defects
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Court Report
Thursday, July 10, 2014
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After failing to sell their home because of defects in the title, a New Jersey couple filed suit against their title insurer. While the insurer resolved the title defects in the couple’s favor, the couple argued that the title insurer breached the title insurance contract by failing to uncover the defects and that the company’s efforts to cure the title defects were not prompt and reasonable. The case eventually made it to the 3rd U.S. District Court of Appeals.
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