Representing a property owner and a lender, Bill Sauerwein successfully argued for reversal of a trial court’s judgment awarding damages and a lien to a judgment holder which attributed fault to the negligence of the title insurer. The 4th District Appellate court reversed in a lenghty opinion – United Community Bank, et al. v. Prairie State Bank & Trust et al (2012 WL 2834221) that explored the doctrines of Equitable Conversion, Equitable Subrogation, and the duties owed to a Junior Lienholder by a title insurer.
Bill Sauerwein obtains reversal of trial court’s judgment in the 4th District of Illinois.
On behalf of Hein Schneider & Bond P.C. | Aug 28, 2012 | Appellate Proceedings, Banking Litigation, Curing Title Defects, Equitable Liens & Subrogation, Firm News, Lien Priority Disputes, Real Estate & Title Insurance, Title Insurance, William Sauerwein