Dear Ann, I came
across your blog after doing a search for Nancy Vantassel - her name was on a
long list of individuals that appear to be involved in your case. I am
extremely concerned after reading something briefly about your complaints
regarding an easement, etc. We are in contract with a property with an easement
(and judgments to enforce the easement) and Nancy Vantassel at Fidelity was
able to get a us a clean title when First American Title would not. I am of
course concerned about the reliability of this title company (and whether they
will continue to provide clean titles in the future) and wonder what I should
do next - walk away from this perfect property (great even with easements) or
inquire with a different title company after the all the concerns you have
raised! Without title insurance, we can't get a loan . . . Any thoughts,
advice, or other title company's would be so helpful to know at this time. Many
thanks. Best regards,
"My advise would be - if you love the property - buy
it. But definitely sit down with the title officer - where is the
property?? I would talk to the most senior person you possibly can who
works for Fidelity. Be firm and honest and tell them about this blog.
I have heard from many people (all of which feel that Fidelity did not
adequately represent them) and in almost all instances it is about easements.
So get everything - absolutely everything - in writing from
them. Accept no verbal communication. Let them know that you are
extremely concerned about how they are actually going to "insure" you
in the future."
When you purchase title insurance, you are NOT purchasing protection for YOU in the event of a claim.
ReplyDeleteInstead, you are purchasing a policy that provides funds so that the title insurance company can protect themselves from YOU in the event of a claim.
Claim after claim, these title insurance horror stories all seem to reveal a simply truth.
Title Insurance companies are in business to take YOUR money into the company, not to let YOUR money out of the company.
Another words, every time you purchase title insurance you are allowing that title company to protect their assets not yours.
Thank you very much. I believe that your viewpoint is shared by many of the readers and participants of this blog.
ReplyDeleteUnbelievable job mates, I enjoy going through your articles.
ReplyDeletePPI claims companies
Hell no - do not use Fidelity National Title Insurance Company to insure your property because exactly as this blog says - they are only out to pad their bottom line and not pay for valid claims.
ReplyDeleteI had a very similar experience and it is so expensive to fight them that it is like getting run over by a bulldozer.
The bottom line is they are thieves and when you actually need them to help you whether an error in your policy like the author of this blog or a dispute with a neighbor as was my case - they are not there to insure you.
I hope all of the executives are enjoying their vacations on Mr. Foley's cattle ranch spending our money and celebrating how they ripped of those people they were supposed to insure.