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Real Estate & Property Law

: The Home Equity Theft Reporter

Title Insurer Not Responsible For Incorrect Informal Statements Made As To Lien Status Of Property; Leads To $1M Hit For Foreclosure Sale Bidder

By r morris

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A recent ruling by a California appellate court highlights the importance of obtaining title insurance protection when buying (or renting) real estate. The basic facts of the case have been extracted (mostly verbatim, but slightly adapted) from the ruling as follows:Individual/Plaintiff alleges that he was an investor in distressed real estate. His business plan involved the purchase of real

Full post as published by The Home Equity Theft Reporter on August 19, 2010 (boomark / email).

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