The Docket: Pennsylvania Court Denies Title Coverage After Settlement Agent’s Misappropriation of Funds

September 21, 2017

Michael O’Donnell, partner at the law firm Riker Danzig Scherer Hyland Perretti, reviews a recent decision by the Superior Court of Pennsylvania that affirmed a decision denying a lender’s claim for coverage from a title insurance company after a settlement agent misappropriated the closing funds and failed to pay off the prior mortgages on the insured property.

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