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.
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
Powered by the ActiveRain Real Estate Network
© 2012 ActiveRain Corp. All Rights Reserved