H.B.I. Corp. v. Jimenez

REINHARD, Presiding Judge.

Defendant Ticor Title Insurance Company appeals after a jury verdict against it for breach of its fiduciary duty as escrow agent under an escrow agreement. We affirm.

This case arises out of a contract between a contractor, H.B.I. Corporation, and the owners, Hugo and Patricia Jimenez, for the construction of a home. The owners borrowed funds to finance the construction, and the lender, contractor, and owners entered into an escrow agreement with an escrow agent, Ticor Title Insurance Company. Under this escrow agreement, money was to be placed in escrow by the owners…