Old Republic Will No Longer Insure JPMorgan and GMAC REOs

The lack of REOs has caused turmoil in our industry. REO service providers struggling to survive during this drought. Make no mistake: Loan servicers, outsourcers, title companies, attorneys, field services companies, real estate brokers, and closing services providers are all struggling today due to lack of business volume.

I am in receipt of a copy of a bulletin from Old Republic Title in which it states:. given that this "wee problem" is NOT specific to GMAC and Ally. In fact, JP Morgan/Chase has reported "similar discrepancies", There is no senile old judge insurance.

Agents who manage sales of foreclosed homes are already seeing some of those sales put on hold. These agents can’t complete transactions involving mortgages handled by the lenders that have halted foreclosures. And a major title insurance company, Old Republic National, has said it won’t insure foreclosed homes sold by JPMorgan and Ally Financial.

Old Republic National – one of the country's largest title insurance companies. upon by Bank of America, GMAC Mortgage or JPMorganChase.. keep in mind that there is no statute of limitations on lender fraud on the Court.. If you are interested in learning more about this topic, you can either post a.

Old Republic National Title Insurance, among the nation’s largest title insurance companies, will no longer write new policies for homes foreclosed upon by J.P. Morgan Chase and Ally Financial’s GMAC Mortgage unit —- a sign that concerns about faulty foreclosure paperwork could now endanger new sales of foreclosed homes.

Finishing Up Florida

As a result of this mortgage document fiasco, one title insurance company, Old Republic National Title Insurance, has announced that it will no longer write new insurance policies for homes that have been foreclosed on by JPMorgan Chase and GMAC Mortgage.

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Specialized Insurance. Unmatched Expertise.. Old republic general insurance group’s companies specialize in the property and casualty commercial insurance market. While collectively we offer a full suite of risk management and insurance solutions, each company focuses on a select insurance segment, offering specialized insurance coverages, solutions, or specializing by industries.

The lack of REOs has caused turmoil in our industry. REO service providers struggling to survive during this drought. Make no mistake: Loan servicers, outsourcers, title companies, attorneys, field services companies, real estate brokers, and closing services providers are all struggling today due to lack of business volume.

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