The Missouri Supreme Court upheld a $1.29 million court award for Spalding Land Co. LLC in Independence for a mistake made by Stewart Title Guaranty Co.
The case had potential for serious ramifications regarding the way title insurance policies are interpreted and the level of payouts for damages.
Company owner Randy Spalding acquired 419 acres of property near the Lake Winnebago Dam in Cass County, intending to build more than 300 homes, including about 154 “lake lots.” He acquired the land…Miyerkules, Mayo 13, 2015
Missouri Supreme Court ruling targets low-balling title insurance
The Missouri Supreme Court upheld a $1.29 million court award for Spalding Land Co. LLC in Independence for a mistake made by Stewart Title Guaranty Co.
The case had potential for serious ramifications regarding the way title insurance policies are interpreted and the level of payouts for damages.
Company owner Randy Spalding acquired 419 acres of property near the Lake Winnebago Dam in Cass County, intending to build more than 300 homes, including about 154 “lake lots.” He acquired the land…
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