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Fidelity National Financial, Inc. Message Board

  • memewin22003 memewin22003 Oct 5, 2010 9:18 AM Flag

    This foreclosure debacle is a non-issue for Fidelity:

    Before a foreclosured property can be sold the court issues a foreclosure title based upon documentation and testimony of the lender.

    Fidelity issued a policy based upon the validity of the foreclosure title. Even if the court were to withdraw that title - which is very doubtful - it than would have to require the seller to make the good faith buyer whole.

    Fidelity only insures the past not the future actions of a court. Therefore this foreclosure debacle is a non-issue and a buying opportunity for Fidelity.

 
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