Articles of Interest
The Foreclosure Crisis Could Lead To Title Insurance Mayhem
October 25, 2010
Analysts predict that 2010 will produce more than 1 million home foreclosures. Rather than leaving quietly after defaulting on loans, homeowners are challenging their foreclosures in record numbers thanks to recent evidence suggesting many of the foreclosures were processed sloppily and incorrectly by banks — making them invalid. That means title insurance companies are going to see an onslaught of claims and lengthy court battles fought largely in uncharted legal territory. To better understand the brewing foreclosure storm, we speak with Kathleen Howley, real estate reporter for Bloomberg News.
