Loeffler v. McShane

KELTON, J.,

— At issue in this case is whether additional defendant Charles Zone, a corporate officer of a title insurance'abstract company, may be held to be individually liable to mortgagors for losses suffered by them when he permitted mortgage re-finance settlement funds intended to satisfy a mortgage to be diverted to an agent of the mortgagees, rather than to be paid directly to the mortgagees.

This action of mortgage foreclosure was filed after a series of events in which original defendants and mortgagors, Edward and Rosemary McShane, sought to refinance a mortgage on a property owned…