FOR IMMEDIATE RELEASE
To: Our Colleagues in the Lender and Realty Communities
From: Old Republic Title Insurance Group - Minneapolis, MN
Date: October 7, 2010
Subject: Old Republic Title Insurance Group—Foreclosure Affirmation
The Old Republic Title Insurance Group has received several inquiries about alleged irregularities in the foreclosure procedures of some lenders. Contrary to some reports, the Old Republic Title Insurance Group continues to insure foreclosed properties which lenders, investors and servicers choose to close. An earlier release providing information about certain voluntary suspensions of REO sales by some lenders was misconstrued by some as a refusal by the Old Republic Title Insurance Group to insure REO sales generally. That is not the case. The Old Republic Title Insurance Group continues to insure properties of all kinds according to its customary underwriting guidelines and will continue to evaluate those risks based on all relevant facts.
Thank you for your attention to this information.
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