Bank Cannot Sue Title Company Over Escrow Construction
by James R. Keller
A bank cannot sue one of two title insurance companies over a construction escrow account, according to Missouri's Eastern District Court of Appeals in The Business Bank of Saint Louis v. Old Republic National Title Insurance Co., 2010 WL 1794396 (Mo. App. E.D.), decided May 4. This decision left the bank with construction loans that allegedly were not covered by sufficient collateral.
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