Real Estate Advisor Law Blog

Real Estate Advisor Law Blog

Category Archives: Title Insurance

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Southern Title Insurance Corp. Ceases Issuing New Policies

Posted in Title Insurance
Southern Title Insurance Corp. is suspending issuing new policies as of September 15, 2011.  In a press release, it cited a higher than usual number of claims arising from policies issued from 2005 to 2008.  The agents which issued those policies are no longer associated with Southern Title.  The company also cited "a substantial recent agent [&hellip… Continue Reading

Foreclosed from Foreclosure?

Posted in Finance Issues, Title Insurance
  Purchasing foreclosed real estate has never been easy or risk-free. In Ohio, all purchases are “AS-IS” and purchasers generally do not have an opportunity to inspect the property. A 10% cash deposit is due upon bidding and payment in full is due within thirty days with the threat of contempt of court if the purchase price [&hellip… Continue Reading

You Did What With My Money?!

Posted in Bankruptcy/Creditor's Rights Issues, Litigation Issues, Tax Issues, Title Insurance
               On November 26, 2008, LandAmerica Financial Group, Inc. (“LandAmerica”) and its affiliate, LandAmerica 1031 Exchange Services, Inc. (“LES”) filed for Chapter 11 protection from creditors.  LES abruptly ceased its 1031 exchange intermediary business two days prior to the bankruptcy filing and LandAmerica sold its Lawyers Title and Commonwealth Title [&hellip… Continue Reading