Photo: Bigstock Title Insurance Coverage Narrowed For Properties Sold Through Foreclosure
Jason Bergman discusses the state of title insurance for foreclosures given RPAPL 1302-a.
March 30, 2021 at 10:30 AM
9 minute read
Because so many mortgage foreclosure actions are defended with particular zeal, and because the legal procedure (especially for home loans) is laden with traps, title companies have always been dubious about insuring such titles. Attorneys for foreclosing attorneys and sale bidders can readily attest to this. But passage of a recent statute creates a significant new impediment to title insurance for home loan mortgages devolving through a foreclosure sale.
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