Sunday, October 03, 2010

"Clear Title" to Foreclosed Property? No.


...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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