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Real Estate & Property Law

: The Home Equity Theft Reporter

Insurance Underwriter Demands "Crappy Title" Warranties From Banks When Issuing Title Policies On Sales Of REOs Acquired Thru Faulty Foreclosures

By r morris

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The Washington Post reports:The title insurance industry is maneuvering to protect itself from losses if courts rule that banks have played fast and loose with the foreclosure process. But people who buy foreclosed properties from banks may face some degree of loss despite having a title policy.Fidelity National Financial, the largest title insurance company, is leading the industry in demanding

Full post as published by The Home Equity Theft Reporter on October 24, 2010 (boomark / email).

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