A Title Insurance company failed to disclose an important easement on my property. They claim an honest mistake was made during underwriting. They then tried to backtrack and do more underwriting AFTER I had already bought the home, moved in, and discovered the easement. I called and told them about the easement I found. They issued an amendment to include the easement that they failed to disclose. I would have said NO DEAL & CANCELLED if I knew. They have not accepted coverage of my claim and seem to be doing everything under the sun to deny me coverage. Aside from suing them for coverage on my valid claim and suing them for bad faith, are there not FINES they could have to pay for duping consumers like this? I saw something online that they risk a $1 million+ fine from federal regulators but wanted to see if the information is correct. If yes, please tell me what type of fines (names) or any laws that would require them to pay fines in a situation like this one. Also, what type of attorney is best to represent a consumer in a situation like this one. Thank you
It sounds like you have valid claim against the title company. You should contact an attorney who does real estate litigation. You could report them to the dept of Insurance, but if its just a one off error and not a pattern of incompetence the dept very well may not take disciplinary action. Hard to say based on the limited info. here.
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