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FIRST AMERICAN TITLE INS. CO. v. VISION MORTG. CORP.

298 N.J. Super. 138 (1997)

FIRST AMERICAN TITLE INSURANCE COMPANY, PLAINTIFF-APPELLANT/CROSS-RESPONDENT, v. VISION MORTGAGE CORPORATION, INC., DEFENDANT-RESPONDENT/CROSS-APPELLANT.

Superior Court of New Jersey, Appellate Division.

Decided February 25, 1997.

Attorney(s) appearing for the Case

Dennis M. Gonski argued the cause for appellant/cross-respondent.

Michael Chazkel argued the cause for respondent/cross-appellant (Chazkel & Associates, attorneys; Mr. Chazkel, of counsel; Jeffrey Zajac, on the brief).

Joseph M. Clayton, Jr. submitted a brief amicus curiae on behalf of the New Jersey Land Title Association.

Before Judges LONG, SKILLMAN and CUFF.

The opinion of the court was delivered by LONG, P.J.A.D.

In August, 1989, James Saunders, a realtor, along with Kenneth J. Levenson, an attorney, and Sant P. Chima, the owner of property at 19 West Amherst St. in East Brunswick, masterminded a scheme to defraud the defendant, Vision Mortgage Corporation. They applied to Vision for a loan in the name of Gregory Zarifian to purchase Chima's house. Zarifian was unaware of the transaction.

As a result of the documents...

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