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Title insurance companies eliminate creditors' rights coverage for real estate buyers and lenders

  • Duane Morris LLP
  • -
  • USA
  • -
  • February 11 2010

Recently, various national title insurance companies, such as First American Title Insurance Company and the entire Fidelity National Title Groupwhich includes Chicago Title Insurance Company, Fidelity National Title, Ticor Title, Lawyers Title, Commonwealth Land Title, Security Union Title and Alamo Titleofficially announced that, effective immediately, creditors' rights coverage will no longer be available by endorsement, affirmative coverage, issuance of the American Land Title Association (ALTA) 1970 policies or otherwise