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Lender's Losses Based On Title Policy Date, Ariz. Justices Say

By Jeff Sistrunk ( June 13, 2016, 7:35 PM EDT) -- The Arizona Supreme Court found Monday that a property's value on the date that a lender's title insurance policy is issued should be used to calculate damages when a problem with the title on the property causes a borrower to default, ruling in Johnson Bank's coverage dispute with First American Title Insurance Co....

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