Sunday, October 03, 2010

"Clear Title" to Foreclosed Property? No.

Ruh-ruh.

...Old Republic National Title Insurance, told its agents Friday that it would not write policies on foreclosed Chase properties until “the objectionable issues have been resolved,” according to a memorandum sent out by the firm’s underwriting department. --NYT via Ticker

That's serious, folks. Chase is in a world of hurt unless THEY insure the title--not an easy leap to make.

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