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
CA DRE#: 01173766