A07-645, Evelyn I. Rechtzigel Trust, by its Trustees Frank Rechtzigel and Gene Rechtzigel, Appellant, vs. Fidelity National Title Insurance Company of New York, Respondent, Pulte Title Agency of Minne

State: Minnesota

Court: Court of Appeals

Docket No: A07-645

Case Date: 06/24/2008

Preview:STATE OF MINNESOTA IN COURT OF APPEALS A07-0645 Evelyn I. Rechtzigel Trust, by its Trustees Frank Rechtzigel and Gene Rechtzigel, Appellant, vs. Fidelity National Title Insurance Company of New York, Respondent, Pulte Title Agency of Minnesota, LLC, Respondent. Filed May 6, 2008 Affirmed Minge, Judge Dakota County District Court File No. C5-05-6764 Erick G. Kaardal, Mohrman & Kaardal, P.A., 33 South Sixth Street, Suite 4100, Minneapolis, MN 55402-3601 (for appellant) Ryan R. Dreyer, Eric Nasstrom, Morrison Fenske & Sund, P.A., 5125 County Road 101, Suite 202, Minnetonka, MN 55345 (for respondent Fidelity National Title) Charles W. Arndt, Kyle J. Hegna, Wilkerson & Hegna, P.L.L.P., One Corporate Center III, Suite 300, 7300 Metro Boulevard, Edina, MN 55439-2302 (for respondent Pulte Title Agency) Considered and decided by Minge, Presiding Judge; Kalitowski, Judge; and Connolly, Judge. SYLLABUS 1. Unless claims are asserted that threaten the marketability of title or other risks specified in the policy, title insurance does not cover monetary losses incurred by the

insured arising out of the bankruptcy of a qualified intermediary in a 26 U.S.C.

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