Wednesday, October 31, 2012

Communicating with Fidelity National Title Insurance Company

In an effort to handle the claim with Fidelity National Title Insurance Company I wrote dozens of pages of emails, responses to the two appraisals and provided comparable properties and other quantitative data supporting the fact that the value of the lost easement had caused a diminution in value to the property.

Indeed the property had been placed on the market prior to the discovery of the lost ingress/egress easement  and in response to the loss of the residential easement leaving just a deeded easement through a commercial and manufacturing property, we dropped the property approximately $750,000 over the course of about 8 months.  Even with these large reductions in price the objection to the commercial/manufacturing entrance could not be overcome.

With all of the communication that I sent to the different claims counsels, I could not get an answer to the question, have you read what I wrote?  Finally in frustration I turned to an acquaintance to begin taking legal action.