Escrow Matters

• Title Agent Gets Major Victory on Wire Transfer Fraud Insurance Coverage: Valero Title Inc. v. RLI Ins. Co.
• Closer’s Wire Transfer Fraud Action Against Paying Bank Proceeds: Cosmopolitan Title Agency, LLC v. JP Morgan Chase Bank, N.A.
• Wire Fraud Action Offers Practice Pointers: Fidelity Nat’l Title Ins. Co. v. APM Management Service’s, LLC
• Close My Account Letter Necessary to Prove HELOC Mortgage Must Be Released: Todaro v. Wells Fargo Bank, N.A.
• Party Flunks ID Verification Agreement by Accepting Fake Passport: Zaftr Inc. v. Lawrence

Title Insurance

• Insurer Had No Duty to Defend Insured in Fight About Ownership of Aerial Conveyor Bridge: Pandora Distribution, LLC v. Ottawa OH, LLC
• Title Insurer Has No Duty to Procure Property Insurance: Yao v. State Farm Fire & Cas. Co
• Title Insurer Gets Judgment Against Buyer Who Did Not Pay Off Lender After Purchase Rescinded: WFG Nat’l Title Ins. Co. v. Kim

Agent Focus

• Nebraska Holds Abstracting is a Pro Service, Two Year Limitations Applies: Mai v. German
• Buyer Has No Claim Against Title Agent for Missing Parcels: Diehl v. Hulls

Title Insurance

• Latest Developments in Nevada HOA Lien Coverage Actions: Wells Fargo Bank, N.A. v. Fidelity Nat’l Title Ins. Co.
• Loan Policy Loss Measured as Market Value of Lost Parcel, Not Lender’s Diminution in Security: Wells Fargo Bank, N.A. v. Stewart Title Guar. Co.
• Virginia Rejects Search Negligence Claim Based on Title Insurance Policy: Landfall Trust LLC v. Fidelity Nat’l Title Ins. Co.
• Owner’s Policy Terminates on Voluntary Conveyance, With a Wrinkle Added by Adverse Possession: Shah v. Fidelity Nat’l Title Ins. Co.

Agent Focus

• Title Agent May Seek Declaration That Its Insured Has Good Title: Title Agent May Seek Declaration That Its Insured Has Good Title Richardson v. Republic Title of Texas, Inc.

Title Insurance

• Exclusion 3(a) Negates Coverage For Rights in Off-Record Agreement Given to Insured Bank: First Nat’l Bank of Izard County v. Old Republic Nat’l Title Ins. Co.
• Title Agent Wrongly Joined to Defeat Federal Diversity Jurisdiction: Naber v. First American Title Ins. Agency, Inc.
• Claims Counsel Communication Privileged in Insured’s Quiet Title Action: 240 GA, LLC v. Greenwich Harbor View Ass’n, Inc.
• Title Insurer Claims No Interest in Property by Conducting a Closing: Lynch v. DeMotte State BankLynch v. DeMotte State Bank
• Loan Policy Successor Rights Tested: S. Bank N.A., as Trustee v. Fidelity Nat’l Title Group, Inc.

Agent Focus

• Tax Deed Voided Because Litigation Guarantee Listed Wrong Address: Wells Fargo Bank, N.A. v. Zinvest, LLC

Escrow Matters

• Customer May Proceed in Suit Against His Bank for Wire Transfer Fraud: Jakob v. JPMorgan Chase Bank, N.A.
• Bank Not Liable For Delivering Wired Money to Fraudster: Approved Mortgage Corp. v. Truist Bank
• Choice of Forum Provision in Escrow Agreement Trumps Conflicting Term in Purchase Agreement: In re Siluria (Assignment for the Benefit of Creditors), LLC
• Construction Disbursing Service Owes No Duty to Builder: Henry Adams, Inc. v. U.S. Bank, N.A.