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Home / Opinion Digests / Real Estate – Refinance – Surety Bond – Closing Protection Letters (access required)

Real Estate – Refinance – Surety Bond – Closing Protection Letters (access required)

Where a homeowner refinanced his property through two loans from SunTrust, with a title insurance policy from First Alliance Title, underwritten by First American Title Insurance, but First Alliance’s president diverted funds SunTrust designated to pay off the original mortgage, and the original mortgagor foreclosed on the property and SunTrust asserted a claim on the ...