Showing posts from January 25, 2009
First American Title Insurance Company, the largest title insurance company in the United States, is alleged in a Michigan lawsuit to be responsible for millions of dollars in losses sustained by Michigan businessman Isaiah Shafir. In a motion filed today in Oakland County Circuit Court, before the Hon. Wendy Potts, Mr. Shafir alleges that First American's agents participated in a fraudulent real estate scheme in an attempt to divest Mr. Shafir of title to 42 investment properties, with a value in the millions of dollars. Shafir seeks a ruling that First American is liable for its agents' conduct.According to the motion, First American's agents, Simmons Title Company and Patriot Title Company, recorded a fraudulently obtained deed and issued false title policies concealing Mr. Shafir's interests in the properties. The suit alleges that Simmons Title and Patriot Title did this to assist a man named Randy Saylor to sell the properties, which did not belong to him, and to…
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Darryl C. Wilson, professor and co-director of the Institute for Caribbean Law and Policy at Stetson University of Law, has been named the Attorney’s Title Insurance Fund Professor of Law.The three-year appointment begins in August, a release said.The appointment allows for further integration of the academic aspects of property with practical issues addressed by the Fund, Wilson said in a statement.Professor James J. Brown, the first law professor named to the position, will become the Fund’s professor emeritus.The Fund promotes and facilitates real estate practices of its members as they protect the public, a release said.