Question
You have owned a property for 7 years and you learn there was a problem while trying to sell: the seller to you gave a
You have owned a property for 7 years and you learn there was a problem while trying to sell: the seller to you gave a worthless deed because he committed fraud. You are lucky because you had been advised by your attorney to buy title insurance at the acquisition. You now have a deal to sell the property for twice what you paid, but the buyer won't close as there is a fundamental title defect. You call the title company and make a claim for the lost deal. What happens and what can you get from the title company as compensation? What rights does the title company have against the fraudulent seller.
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