B of A Indemnifies Title Insurer

This was announced last week:

B of A Indemnifies Title Insurer

 

More from the B of A foreclosure debacle: Fidelity National Financial has agreed to issue title insurance policies on the bank’s REOs in exchange for B of A’s agreement to indemnify the insurer should the title in question be challenged due to any deficiencies in foreclosure processing practices. Under the agreement Fidelity would defend the new homeowner in court over any title challenge and B of A would pay any costs and any   ordered damages to the previous owner.

 

 

SUNIL SETHI REAL ESTATE

Sunil Sethi / Broker, President, REALTOR, MBA / SUNIL SETHI  REAL ESTATE
38750 Paseo Padre Pkwy Suite B3 / Fremont, CA 94536

www.sunilsethi.com  

CA DRE#: 01173766