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STEWART TITLE GUAR. CO. v. GOLDOME CREDIT CORP.

83-1274.

494 So.2d 10 (1986)

STEWART TITLE GUARANTY COMPANY and Kimbrell Land Title Company, Inc. v. GOLDOME CREDIT CORPORATION.

Supreme Court of Alabama.

July 18, 1986.

Attorney(s) appearing for the Case

James H. Miller III and M. Stanford Blanton of Balch, Bingham, Baker, Ward, Smith, Bowman & Thagard, Birmingham and Clark Carpenter of Wooten, Boyette, Thornton, Carpenter & O'Brien, Talladega, for appellants.

Thomas Reuben Bell, Sylacauga, for appellee.

ALMON, Justice.

This is an action for breach of contract by a mortgagee against a title insurance company. Goldome Credit Corporation is the assignee of a mortgage on a certain acre of land. Stewart Title Guaranty Company issued a policy of title insurance to Goldome's predecessor corporation, Colonial Financial Services, Inc., when Colonial took an assignment of the mortgage. The acre of land is subject to a prior mortgage, not disclosed in the title policy, on a...

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