Bluff Ventures Limited Partnership, a Virginia Limited Partnership v. Chicago Title Insurance Company

OPINION

WIDENER, Circuit Judge:

Bluff Ventures Limited Partnership appeals the district court’s determination that Chicago Title Insurance Company owed nothing under the terms of its lender’s policy. We reverse and remand with instructions.

Chicago Title issued a lender’s title insurance policy on November 21, 1988, naming Thomas L. Swarek as the insured lender. By endorsement dated November 29, 1988, the policy was amended to change the insured lender to William L. Walde. The policy insured a deed of trust on property located in Loudoun County, Virginia.

The property was acquired in 1976 by deed…