Legal Opinion
Citibank, N. A. v. Commonwealth Land Title Insurance
Appellate Division of the Supreme Court of the State of New York
Decided June 24, 1996PublishedCited by 15 opinions
1Opinion of the Court
*636The plaintiff Citibank, N. A. (hereinafter Citibank) issued a home equity loan to certain nonparty homeowners that was secured by a mortgage dated October 25, 1988. Citibank obtained title insurance for the transaction from the defendant Commonwealth Land Title Insurance Company (hereinafter Commonwealth) by a policy also dated October 25, 1988. The policy expressly excepted a prior existing mortgage on the property in the principal sum of $184,000. The Citibank mortgage was recorded on November 16, 1988. The nonparty homeowners eventually defaulted on their loan to Citibank. Citibank…
2Cases cited1 opinion
- L. Smirlock Realty Corp. v. Title Guarantee Co.New York Court of Appeals · 1981
3Cited by15 opinions
- Fidelity National Title Insurance v. Consumer Home Mortgage, Inc.Appellate Division of the Supreme Court of the State of New York · 2000
- Logan v. BarrettoAppellate Division of the Supreme Court of the State of New York · 1998
- Francis v. D & W Saratoga, Inc.Appellate Division of the Supreme Court of the State of New York · 2008
- Nastasi v. County of SuffolkAppellate Division of the Supreme Court of the State of New York · 2013
- U.S. Bank National Ass'n v. Stewart Title InsuranceAppellate Division of the Supreme Court of the State of New York · 2007
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