If you purchased Real Estate in the past ten years, you may be entitled to cash in this settlement!
When you buy a home or other property, you get a deed to the property. It’s similar to getting a title to a car when you buy a vehicle. The title goes to the mortgage holder until the property is paid off. Most Real Estate transactions also involve purchasing title insurance to ensure that no liens or other problems exist with the title. If you bought property with title insurance using one of the 25+ title insurance companies listed in this settlement, you may be entitled to compensation.
This lawsuit claims that First American violated § 8(a) of the Real Estate Settlement Procedures Act (“RESPA”), 12 U.S.C. § 2607(a), by purchasing ownership interests in title insurance agencies and obtaining agreements from such agencies to refer title insurance business exclusively to First American Title Insurance Company.
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