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Northmarq Finance, LLC v. Fidelity National Title Insurance Company
Case Number:
1:22-cv-02839
Court:
Nature of Suit:
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May 07, 2024
Title Insurer Gets Partial Win Against Lender In Lien Dispute
A lender seeking coverage from its title insurer for mechanic's lien claims after the owner of a senior living community defaulted on its $26 million construction loan can only potentially get coverage under a disbursement endorsement in its policy, a Colorado federal court ruled, finding an exclusion applicable.
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October 31, 2022
Lender Says Title Insurer Should Have Covered Colo. Facility
Northmarq Finance sued a title insurer in Colorado federal court on Monday, saying the insurer denied $26 million in coverage for a senior living center near Denver, which forced the lender to foreclose on the property.