BV Jordanelle, LLC v. Old Republic National Title Insurance
Court of Appeals for the Tenth Circuit
1Opinion of the Court
BACHARACH, Circuit Judge.
This appeal involves a dispute over the scope of an insurance policy. The insureds, which we collectively identify as “BV,” obtained a mortgage on real property as security for a loan and acquired a title-insurance policy from Old Republic National Title Insurance Company. When the borrower defaulted, BV foreclosed on the property. But when a municipal assessment went unpaid, the municipality foreclosed, too. BV and the municipality litigated in state court; the municipality prevailed and obtained title to the property.
After losing title to the property, BV sued Old…
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