Potential Galt House buyer can’t get insurance – The Courier

With litigation pending, a potential buyer of the Galt House and possibly other large real estate holdings owned by the Al J. Schneider Co. is finding it difficult to secure title insurance needed to finance the purchase of the property.

The insurance is hard to come by because disposition of the property is muddled by the maze of litigation currently pending in Kentucky courts.  It involves what seems to be a bitter dispute among the Schneider heirs, some of whom want to sell and cash out and others who don’t.

At the center of the fight are four daughters of the late Louisville hotel and real estate magnate who died in 2001.   The Schneider family owns

... read more at: http://www.courier-journal.com/story/news/local/2016/05/02/potential-galt-house-buyer-cant-get-insurance/83712644/