N.J. Supreme Court: Title Insurers Not Liable for Attorney’s Misappropriation of Funds

TRENTON, N.J. - (Mealeys) On Aug. 2 nd , a unanimous New Jersey Supreme Court found that two title insurance companies cannot be held liable for an attorney's misappropriation of a couple's closing funds for a home sale because no agency relationship existed between the companies and the...

Vetstein Law Group: An Ounce of Prevention Is Worth a Pound of Cure: Enhanced Owner’s Title Insurance Offers Valuable Benefits

By Richard D. Vetstein, ESQ When you find out you have a major title problem that prevents you from selling or refinancing your home, have fun explaining to your spouse that for a fraction of the cost of your home you could've prevented it by buying title insurance. Enhanced Owner's...

Vetstein Law Group: U.S. Supreme Court To Hear Title Insurance Kickback Class Action Case Under RESPA

By Richard D. Vetstein, ESQ U.S. Supreme Court To Hear Edwards v. First American Title In a case closely watched by the title insurance and real estate settlement services industry, the United States Supreme Court has agreed to hear a class action which will decide whether consumers can sue...

Ballard Spahr LLP: Title Insurers Not Liable for Agent's Negligence

By Robert A. Scott Title insurance companies can enforce exculpatory provisions in title insurance policies that exclude liability for tort claims based on a negligent title search performed by an agent, Maryland's highest court has ruled. In 100 Investment LP v. Columbia Town Title [ enhanced...

Enforcement Actions Filed Against Real Estate Firms For Alleged RESPA Inadequate Notice and Kickback Violations

On May 28 th , the CFPB entered into a consent order with the largest real estate firm in Alabama to settle allegations that the real estate firm provided consumers with inadequate notices. The CFPB alleged that the real estate firm violated the Real Estate Settlement and Practices Act (RESPA) by failing...