Title Company Failed to Pay Mortgage Debts, Suit Claims Advent Title Now Defunct, Lawyer Says

Summary


A Milwaukee real estate title company failed to pay off mortgages as well as other debts and fees after property sale closings, according to a lawsuit seeking $1 million from the firm's insurer.

Title Insurance Company of Oregon, now known as First American Title Insurance Co., contracted with Advent Title to serve as a local agent in August 2001, according to the suit, filed recently in Milwaukee County Circuit Court.

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Title Company Failed to Pay Mortgage Debts, Suit Claims Advent Title Now Defunct, Lawyer Says

A June 2007 audit of Advent Title revealed shortfalls in an escrow account, the s...

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