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Fidelity National Financial, Inc. Message Board

  • memewin22003 memewin22003 Oct 8, 2010 1:22 PM Flag

    Perception is reality and FNF stock continues to decline:

    The American Land Title Association said in an Oct. 1 statement that questionable foreclosures will ultimately have little adverse impact” on new owners of properties or title insurance claims.

    However, lenders, loan servicers and even title insurance companies are facing litigation on multiple fronts. This is going to become a nightmare with so many potential avenues of liability.

    If a new homeowner’s title is challenged because of a faulty foreclosure, the title insurer may have an obligation to defend the challenge. While litigation is expensive it is unlikely that a court will take property from an innocent homeowner who acted in good faith and return it to a previous homeowner who failed to make payments.”

    My suspicion is that this will wind up being an industrywide issue with more than enough class action lawsuits to go around.

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