Deno v. Transamerica Title Insurance

OPINION

FROEB, Presiding Judge.

In 1974, appellees, Ralph and Alice Deno (hereafter referred to as the Denos) entered into a contract with one Gustafson by the terms of which the Denos agreed to purchase a parcel of land of approximately 2.5 acres for the sum of $6,000.00. The parties agreed to escrow the transaction through appellant, Transamerica Title Insurance Company (Transamerica) which was to furnish title insurance to the Denos in connection with the transaction.

In the course of searching the title to the property, it became apparent to Transamer-ica’s chief title examiner that there…