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Two title insurers stop insuring REO sales in DC

http://dc.urbanturf.com/articles/blog/local_title_insurers_stop_insuring_foreclosure_sales/3776

Two of the largest title insurers have stopped insuring REO titles in DC. This is due to DC's new regulations requiring lenders to enter into mediation with homeowners prior to foreclosing. The title insurers (1st American and Fidelity) have stopped issuing title insurance for REOs in the District because of the potential of former homeowner's challenging the validity of the foreclosure sale. Very important reading for everyone.

Posted Monday Jul 11