Monday, December 1, 2008

LandAmerica files for Bankruptcy Protection...

According to a press release on LandAmerica's own website dated 11/26/08, the title insurance company and a subsidiary company have filed for bankruptcy protection. Surprisingly (perhaps just the sake of timing around the holiday?), I have not heard about this at all in the media.

This I just don't get? It seems that for the majority of my REO transactions, these guys seem to be the preferred title insurer.

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