Roseann Wagner, 45, of Prior Lake, Minnesota was sentenced in federal court for stealing more than $470,000 for payment of title insurance premiums and recording fees. Wagner, a licensed insurance agent, owned and operated Tri-Star Title, a title insurance agency. The investigation also found that Wagner had withdrawn nearly $100,000 from ATMs and cashiers at a [...]
|
||||||
|
Today’s news for the Title Insurance Industry is not good, reading like a bad novel… In Georgia [...] Title Insurers and Closers, beware. CNBC has picked up yet another RESPA violation. It would seem that some second mortgage lenders are asking for “payments on the side – i.e. off the closing statement,” (clearly illigal under RESPA) in order to release liability under the second mortgage. Their leverage is, if you don’t pay, we [...] WBAL TV ran this segment on the Maple Leaf Title Co alleged defalcation. More bad news for an industry already in sad shape. See video here. In its annual report on title insurance, Colorado’s Commissioner of Insurance revealed that the state is currently conducting an investigation into payment of referral fees and inducements for referrals in the title insurance industry, and anticipates that the investigation will yield “significant enforcement actions” in 2010. The title industry in Colorado, like in many other states, [...] Another family who refinanced their home, found out their initial mortgage was never paid at closing. Worse yet, the title company that did the refinance closing had gone under. Maple Leaf Title Co. had been in business since March 1999, but shut its doors August 2009 because it could not legally operate due to an [...] |
||||||
|
Copyright © 2010 Landrecs.com – Land Title Consulting & Education - All Rights Reserved |
||||||