05.30.08
Woman Sought after $3 Million Title Company Theft
The Hometown Annapolis newspaper reports that the Maryland insurance commissioner suspended the license of a local title company owner on May 29th, claiming the woman absconded with up to $3 million in mortgage settlements. The owner has not been seen since the company’s underwriter, conducted an audit at her Severna Park office on May 19th. Security Title, her underwriter, has agreed to pay back any and all losses.
The audit was done after the underwriter was informed of unpaid liens on property closed by the agent.