Retained Realty, Inc. v. Michigan Pioneer Title Insurance

ROGERS, Circuit Judge.

Retained Realty, Inc. (the successor in interest to Emigrant Mortgage Co.) appeals the district court’s grant of summary judgment to the defendant Ticor Title Insurance Corporation. This case arose when a closing agent failed to properly record a mortgage during the purchase of residential property. As recorded, the mortgage only encumbered part of the property. Emigrant, 1 the lender, first discovered a potential problem with the mortgage’s recording during its post-closing audit and before the mortgagors defaulted. In response, Emigrant mailed a letter to the closing…