Monday, November 21, 2011

query: title agency pocketed fee and never purchased insurance

You may still have evidence of insurance.  Look for the title commitment.  If you don't have a copy, ask your mortgage lender for a copy from their file. Next look at your HUD-1 Settlement Statement.  Does it say that you paid a premium for title insurance?

A copy of a fully signed HUD-1 combined with a copy of the title commitment can be used to show evidence of insurance.  If the title company won't accept this, then contact the state department of insurance or the attorney general's office.  The title company is responsible for the actions of their agents and if they had a crook out there taking your money, that's their problem, not yours.

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