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FIRST NAT. BANK v. STEWART TITLE GUAR.

No. 1-94-1838.

664 N.E.2d 310 (1996)

279 Ill. App.3d 188

215 Ill.Dec. 913

FIRST NATIONAL BANK OF NORTHBROOK, N.A., Plaintiff-Appellee, v. STEWART TITLE GUARANTY COMPANY, Defendant-Appellant.

Appellate Court of Illinois, First District, First Division.

Rehearing Denied May 10, 1996.

Attorney(s) appearing for the Case

Mark A. Schramm, Esposito, Heuel & Schramm, Chicago, for appellant.

Jeffrey S. Blumenthal, Kamm & Shapiro, Ltd., Chicago, for appellee.

Justice WOLFSON delivered the opinion of the court:

In this case the title company issued a location note endorsement to the bank. The endorsement's description of the land was mistaken. The bank did not see or rely on the mistake until after its loss took place. The bank seeks to recover its loss from the title company. The trial judge said it could. We reverse the trial judge.

BACKGROUND

On January 2, 1982, Jeffrey Grossman (Grossman) and...

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