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Pre-Closing Documents Can Not Be Used to Prove Conveyance or the Issuance of Title Insurance

The Court of Appeals determined that a third-party purchaser of mortgages in the secondary mortgage market could not “rely on pre-closing documents to establish that a proper conveyance and recording of the underlying property occurred or that title insurance for the property was issued.”  DLJ Mortgage Capital, Inc v Kontogiannis…, 253 SSM 29, CtApp 11-14-13

 

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