4th U.S. Circuit Court of Appeals Rules Transfer Relieved Title Insurer From Reimbursement
The Daily Record (Baltimore) › January 27, 2004
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Summary
A title insurance policy on a 300-acre tract doesn't cover the money a Howard County developer spent to clean up a defect discovered six years after it sold one subdivided acre, the 4th U.S. Circuit Court of Appeals has held.
Developer 100 Investment LP transferred the property to NVR Homes Inc. in 1995 under a special warranty deed, which contains no representation as to defects in title predating the seller's acquisition.See the full content of this document
Extract
4th U.S. Circuit Court of Appeals Rules Transfer Relieved Title Insurer From Reimbursement
At the point of conveyance to NVR Homes, any preexisting defect in title became NVR Homes' problem, Judge Paul V. Niemeyer wrote last week for the appeals court, and NVR Homes would h...
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