Monday, October 11, 2010

Foreclosure Mill-Owned Title Insurance Agency Refuses To Insure Firm's Own Work

In Deerfield Beach, Florida, The Palm Beach Post reports:

  • The title insurance arm of one of the state's largest foreclosure law firms is refusing to cover properties foreclosed on by its own attorneys citing potential defects in court filings.

  • New House Title, which is owned by the same people who run the Tampa-based Florida Default Law Group, sent notice to a Boca Raton real estate attorney Wednesday that a 2009 foreclosure was off limits.

  • What Attorney Robert Feldman found interesting in New House's denial for the Deerfield Beach condominium is the foreclosure was handled by the Florida Default Law Group. "It is somewhat surprising that now they won't even insure their own work," Feldman said.

For more, see Florida foreclosure firm's title insurer won't insure firm's foreclosure titles.

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