Timing of Lawyer’s Thievery Saves Title Insurer From Liability to Buyers
A title insurance company will not be on the hook for money a lawyer stole from his clients because the misappropriation of funds took place well before the lawyer acted as the company’s agent, the New Jersey Supreme Court ruled on Monday. The timing problem allowed the court to avoid dealing with the thornier issue raised on appeal: whether a title carrier must tell homebuyers directly and explicitly that it is not responsible for their attorney’s misdeeds.
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