>Fidelity National Title
Date Filed: May 14, 2008
Court: U.S. District Court
Location: Washington
Hagens Berman Sobol Shapiro filed a lawsuit on behalf of consumers against Fidelity National Title, one of the nation's largest title and escrow companies, claiming the company engaged in a series of schemes and deceptions designed to bilk customers out of millions of dollars.
The complaint alleges Fidelity engaged in a captive reconveyance scheme - charging customers fees for reconveyance when the reconveyance is actually done by the prior lender, a charge built into the payoff amount.
The complaint also claims Fidelity National engaged in a retained interest scheme, pooling customer's loans and taking the profit from gained interest, the suit states. The company failed to disclose this to customers, which is a violation of fiduciary duties, according to the claim.
HBSS believes Fidelity engaged in these practices over the past five years and has illegally collected millions of dollars from consumers. HBSS has also filed suit against three other title and escrow companies alleging similar practices. Other defendants include First American Title Insurance, Chicago Title Company and Old Republic Title and Escrow.
If you used Fidelity National Title, please contact HBSS by clicking here or e-mailing info@hbsslaw.com.
Court: U.S. District Court
Location: Washington
Hagens Berman Sobol Shapiro filed a lawsuit on behalf of consumers against Fidelity National Title, one of the nation's largest title and escrow companies, claiming the company engaged in a series of schemes and deceptions designed to bilk customers out of millions of dollars.
The complaint alleges Fidelity engaged in a captive reconveyance scheme - charging customers fees for reconveyance when the reconveyance is actually done by the prior lender, a charge built into the payoff amount.
The complaint also claims Fidelity National engaged in a retained interest scheme, pooling customer's loans and taking the profit from gained interest, the suit states. The company failed to disclose this to customers, which is a violation of fiduciary duties, according to the claim.
HBSS believes Fidelity engaged in these practices over the past five years and has illegally collected millions of dollars from consumers. HBSS has also filed suit against three other title and escrow companies alleging similar practices. Other defendants include First American Title Insurance, Chicago Title Company and Old Republic Title and Escrow.
If you used Fidelity National Title, please contact HBSS by clicking here or e-mailing info@hbsslaw.com.
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