Court Cases
September 21, 2010
TITLE INSURANCE
Soifer v. Chicago Title Company (PDF)
A person cannot recover for errors in a title company’s informal communications regarding the condition of title to property in the absence of a policy of title insurance or the purchase of an abstract of title. There are two ways in which an interested party can obtain title information upon which reliance may be placed: an abstract of title or a policy of title insurance. Having purchased neither, plaintiff cannot recover for title company's incorrect statement that a deed of trust in foreclosure was a first lien.
Cal.App. 2nd Dist. (B217956) 8/10/10
