Monday, September 15, 2014
PRINCETON SOUTH INVESTORS, LLC VS. FIRST AMERICAN TITLE INSURANCE INSURANCE COMPANY A-0850-12T3
PRINCETON SOUTH INVESTORS, LLC VS. FIRST AMERICAN TITLE INSURANCE INSURANCE COMPANY
In a dispute over title insurance coverage, we held that a municipality's pending tax appeal, concerning the alleged under-assessment of plaintiff's property, did not render plaintiff's title unmarketable or constitute a defect in or an encumbrance on the title. In addition, based on the language of the title insurance policy, we held that the claim was not covered.