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Legal News

: Lawyers and Settlements

Homeowners Sue Title Insurance Companies

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Chicago, IL: If you’ve refinanced your mortgage sometime over the last few years it is very possible that you paid more for title insurance than you should have. Homeowners that refinance an existing mortgage are entitled to a discount on their premium. But that is not always what happened. According to attorney Paul Weiss, from the Chicago firm of Freed & Weiss, some homeowners paid title insurance companies as much as 50 percent more than they had to by law. “Nobody knows about these discounts other than the folks in the industry and apparently they weren’t being forthcoming with their customers,” says Weiss.

Full post as published by Lawyers and Settlements on December 09, 2008 (boomark / email).

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