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MATTSON RIDGE, LLC v. CLEAR ROCK TITLE, LLP

No. A10-1483.

824 N.W.2d 622 (2012)

MATTSON RIDGE, LLC, Respondent, v. CLEAR ROCK TITLE, LLP, et al., Appellants.

Supreme Court of Minnesota.

December 12, 2012.

Attorney(s) appearing for the Case

John M. Koneck , Brian S. McCool , Grant D. Fairbairn , Fredrikson & Byron, P.A., Minneapolis, MN, for respondent.

Nell E. Mathews , Christopher R. Sullivan , Lindquist & Vennum P.L.L.P., Minneapolis, MN, for appellants.

Bradley N. Beisel , David J. Krco , Beisel & Dunlevy, P.A., Minneapolis, MN, for amici curiae Minnesota Land Title Association and American Land Title Association.

OPINION

STRAS, Justice.

This case relates to a title insurer's obligations when a policyholder claims that title to a covered parcel of property is unmarketable and that the policyholder has suffered damages due to the unmarketability of the title. Respondent Mattson Ridge, LLC, purchased the property at issue and obtained a title insurance policy from appellant Ticor Title Insurance Co. An ambiguity in the legal description of the property, however, prevented...

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