true claims Archives - Federal Title & Escrow Company

Without title insurance, new homeowner pays special assessment

Written by Federal Title on 2020-09-23.

The buyer was stuck with a $9,550 special assessment on her property tax bill because she waived title insurance coverage at closing. In this story, the homebuyer purchased a property from an estate in which the prior owner decedent had...

Help! My funds are being withheld

Written by Federal Title on 2020-09-10.

Just this morning we received an inquiry from a seller who discovered an old home equity line of credit was still open from a bank that had since merged several times. The seller had no paperwork for such a loan or any recollection of taking...

Realtor: ‘To have not had title insurance would have been a disaster’

Written by Federal Title on 2020-09-03.

In 35 years as a Realtor, Ellen Sandler of Evers & Co. has had just one buyer refuse title insurance. Thankfully, it was the not the buyer in this story, because the buyer in this story would one day become a seller with a real property...

Couple pays over $20,000 after waiving owner’s protection

Written by Federal Title on 2020-08-18.

We had a couple waive an owner’s policy that would have cost $815. They’ve spent near $20,000 in attorney fees defending title to their home. The seller sat across from them and signed closing documents. He brought a notarized Power...

The HELOC scam is a bigger threat during COVID-19 pandemic

Written by Federal Title on 2020-07-31.

The seller walked away with nearly $90,000, and the buyer was left holding the bag. One of the most common types of claims we’ve paid out is due to the HELOC scam. With pandemic delaying government services, now is an especially vulnerable...

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Tag: true claims

Without title insurance, new homeowner pays special assessment

Help! My funds are being withheld

Realtor: ‘To have not had title insurance would have been a disaster’

Couple pays over $20,000 after waiving owner’s protection

The HELOC scam is a bigger threat during COVID-19 pandemic

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Borrowers, ask for refinance rate not reissue rate

5 things real estate agents and their clients should know when preparing for virtual closing

Is it possible to shield or withhold my name from the public land records?