I would never use Fidelity National Title Insurance Company to protect my real estate. A claim was filed with Fidelity for me by their Title Officer for the loss of a mile long easement to 80 acres with views of the famous Napa Valley in California. Fidelity valued the loss at $0 by a Boise Idaho appraiser. After suing Fidelity I was forced to settle for a fraction of the loss. I question whether Fidelity National Title Insurance Company acted in Good Faith in the handling of my claim.
Wednesday, October 31, 2012
Fidelity National Title Insurance Company's Verified Answer to Third Amended Complaint
Th:e Response says in large part that the Defendant lacks sufficient information or belief to permit it to admit or deny the allegations but a few specific items are puzzling. Beginning below are some of the examples:
item 1 "Defendant denies that it acted in as an escrow holder in this case".
The Preliminary Title Report created in Napa, California lists the names of both the Escrow Officer and Title Officer and the Order Number.
On the Fidelity National Title Napa County home page clearly identifies on it's About Us page that there is an association between Fidelity National Title Insurance Company, Fidelity National Title Company and Fidelity National Title Group.
And the Response continues along this vein:
Item 10 "Defendant also denies that the title office which researched the subject property was an employee of the Defendant."
Item 12 "Defendant denies that it issued the first preliminary title report. Defendant denies that it employs escrow officers and title officers."
Item 13 "Defendant denies that it employs escrow officers."
Item 15 "Defendant denies it was the escrow agent and title agent for Plaintiff on or about October 8, 2004."
Item 16 "Defendant denies that it employs escrow officers."
Per the Home Page of Fidelity National Title Insurance Company Website it states "Fidelity National Title Insurance Company - Through its nationwide network of direct operations and agents, FNTIC provides title insurance, underwriting, escrow and closing services to residential, commercial and industrial clients, lenders, developers, attorneys, real estate professionals and consumers.."
In pulling up these pages I believe I just figured this out. The corporate relationship between Fidelity National Financial, Fidelity National Title Company and Fidelity National Title Insurance Company must be such that the title officers who research the title for the title insurance company are only employees of the the title company. Yet the HTML code for their website states:
The HTML code for the website for Fidelity National Title Insurance Company states, "fntic.com includes the history of Fidelity National Title Insurance Company, description of services and consumer information. This title company offers escrow and settlement services, appraisals, and title insurance."