Four major real estate title and escrow companies face class actions filed for a variety of business practices, including allegedly charging customers for services performed by other companies. The suits also allege that two of the companies are earning interest from pooling clients' funds and steering customers to the companies' own higher-cost subsidiaries for unnecessary services. The new lawsuits follow scores of antitrust suits claiming that the industry's major players fixed prices.
June 02, 2008 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Four major real estate title and escrow companies face class actions filed for a variety of business practices, including allegedly charging customers for services performed by other companies involved in the residential real estate settlement process.
The class actions also allege that two of the companies are earning interest from pooling clients’ funds and steering customers to the companies’ own higher-cost subsidiaries for unnecessary services.
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