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Federal Court in North Carolina Holds Mortgagor is Intended Third-Party Beneficiary to Policy Issued to Mortgagee

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A federal court in North Carolina recently held that mortgagors are intended third-party beneficiaries to lender force-placed policies such that they could bring claims for unfair and deceptive trade practices arising out of denials of first-party property claims. Mosely v. Balboa Ins. Co., 2013 WL...

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