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Certificate of Pending Litigation granted for equitable mortgage claim arising from wrong mortgagee name on title.
The applicant title insurance company sought an order to rectify title due to an error in a 2016 mortgage where the wrong institution was named as mortgagee.
The borrower had subsequently transferred the property to himself and his spouse, and later passed away.
The court found a compelling case for an equitable mortgage but declined to order rectification without hearing from others who may have acquired an interest in the land.
The court authorized the registration of a Certificate of Pending Litigation (CPL).
