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STEWART TITLE GUAR. CO. v. TREAT

No. 91-134.

810 S.W.2d 953 (1991)

306 Ark. 289

STEWART TITLE GUARANTY COMPANY, Appellant, v. Kenton TREAT, Appellee.

Supreme Court of Arkansas.

July 8, 1991.

Attorney(s) appearing for the Case

Roy E. Danuser, Mountain Home, Marian M. McMullan, Little Rock, for appellant.

Donald Joe Adams, Harrison, Kerry D. Chism, Mountain Home, for appellee.

GLAZE, Justice.

This is a title insurance case involving an erroneous property description contained in the mortgagee's insurance policy written by appellant Stewart Title Guaranty Company (Stewart Title). The title insurance policy, in the amount of $316,200, was issued on June 28, 1983, to Twin Lakes Federal Credit Union (Twin Lakes), the mortgagee of 400 acres owned by Chris and Rosalee Wade. After a couple of interim transactions, the note and mortgage was purchased...

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