Two things... five months to notice a problem is probably not unusual.  It could be years before a claim was ever filed.  It doesn't usually become an issue until the next time someone does something with the real estate (refinance, sell it, etc.) that they would notice something was missed on the last title search.

Second, I don't think "not wanting to be in second, third, or fourth position" would be considered a loss that would allow someone to file a claim.  If the owner gets foreclosed on and the lender ended up not getting their money becuase someone was ahead of them, then there would be a loss. Of course, with 4 mortgages, it may only be a matter of time until that happens.  Until someone is forced to cough up some money, there isn't a loss.

Best,
Robert A. Franco
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