CITIBANK v. CHICAGO TIT. INS.


214 A.D.2d 212 (1995)

632 N.Y.S.2d 779

Citibank, N. A., Respondent, v. Chicago Title Insurance Company, Appellant

Appellate Division of the Supreme Court of the State of New York, First Department.

September 28, 1995


Attorney(s) appearing for the Case

Jerome M. Lasky of counsel (David Rabinowitz and Edward R. Finkelstein on the brief; Moses & Singer, attorneys), for appellant.

Lawrence J. Slattery, and Schwall & Becker, for respondent.

ELLERIN, WALLACH, WILLIAMS and MAZZARELLI, JJ., concur.


SULLIVAN, J. P.

This appeal presents the issue of whether a mortgagee, here Citibank, the insured under a mortgage title insurance policy, may, absent proof that its alleged loss was occasioned by the subordination of the insured mortgage to other liens and encumbrances, recover damages against the insurer in negligence and/or breach of contract based upon the insurer's faulty title search.

In 1987,...

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