Interesting Title Insurance Claim Decision

[Chris Seveney]

I found this article interesting as I have been involved in title claims on numerous occassions. In this case, because the bank handled the recording of the mortgage and the bank was careless in its process they denied coverage. Just wanted to share.

The Limits Of Title Insurance (forbes.com)

[Tom Gimer]

@Dave Rav This is insurer v. bank so I'm having trouble feeling sorry for anybody. Why the bank was in control of this recording is a mystery, but they failed to record and secure their interest for 6 years. I agree with you generally regarding the insurance industry disappointing by finding ways to deny claims but in this case I have no problem with the court's decision. The bank created the problem.