It seemed 2010 required title companies to have the equivalent of Noah’s ark to ride the waves crashing at them this past year.
On the legislative front, the industry had to defend its very existence against proposed legislation where the state government would create its own public title insurance industry. At the same time, the title industry had to guide their way through all of the new federal and state foreclosure laws and regulations making insuring title a very risky endeavor. Insurers earned their premiums as title litigators battled the remnants of the financial crisis through massive mortgage fraud and foreclosure litigation, complex lien cases, and new adverse possession laws. The only bright side for the industry was the universal recognition in the popular press that title insurance is important.
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