[DOWNLOAD] "Title Guaranty Co. of Wyo. v. Midland Mortgage Co." by Supreme Court of Wyoming ~ Book PDF Kindle ePub Free

eBook details

Title: Title Guaranty Co. of Wyo. v. Midland Mortgage Co.
Author : Supreme Court of Wyoming
Release Date : January 19, 1969
Genre: Law,Books,Professional & Technical,
Pages : * pages
Size : 68 KB

Description

Uinta Improvement Company, appellee, plaintiff below, and Southwestern Construction Company negotiated for the sale and purchase of certain lots in Kemmerer, Wyoming, one of which is the lot in question, and General Investment Company, defendant and third-party plaintiff below, and predecessor in interest to Midland Mortgage Company, appellee, was to make construction loans to Southwestern to be secured by a first mortgage. Title Guaranty Company of Wyoming, Inc., appellant, third-party defendant below, issued an interim binder to General. Title was to act as escrow agent. Uinta conveyed the lot to Southwestern, and Southwestern gave a mortgage to General. Southwestern defaulted and General foreclosed. Southwestern had not fully paid Uinta for the lot, Uinta sued General for the balance due, and General joined Title Guaranty as a third-party defendant. The trial court found in favor of Uinta against Midland Mortgage Company, Generals successor, in the amount of $2,456.66, and ordered that Midland have judgment against Title for a like amount. Title Guaranty Company appeals.