Financial Title closed its doors this morning in California, Arizona and Texas. When I arrived at the office, news was already buzzing. Rumor has it that Financial Title notified its employees last night at midnight that the company would cease operations today at noon, and nobody had a job there anymore.
Fortunately, I changed all my escrows to Chicago Title over the past couple months, and I have no open escrows at Financial Title. Word has it that First American Title might assume its business, but that's only through the rumor mill at this point. At the least the people I used to work with at Financial Title saw the writing on the wall and split several months ago. For other agents, home buyers and sellers, this could be a trying time.
Certified HAFA Specialist
Sacramento Real Estate Listings
Elizabeth Weintraub is an author, home buying expert for About.com, a Land Park resident, and a veteran real estate agent who specializes in older, classic homes in Land Park, Curtis Park, Midtown and East Sacramento, as well as tract homes in Elk Grove, Natomas, Roseville and Lincoln. Weintraub is also a Sacramento Short Sale agent who lists and successfully sells short sales throughout the four-county Sacramento area with an emphasis on Elk Grove. Call Elizabeth Weintraub at 916.233.6759. Put 40 years of real estate experience to work for you. Broker-Associate at Lyon Real Estate. BRE License # 00697006.
The Short Sale Savior, by Elizabeth Weintraub, available with free shipping.
Photo: Unless otherwise noted in this blog, the photo is copyrighted by Big Stock Photo and used with permission.The views expressed herein are Weintraub's personal views and do not reflect the views of Lyon Real Estate. Disclaimer: If this post contains a listing, information is deemed reliable as of the date it was written. After that date, the listing may be sold, listed by another brokerage, canceled, pending or taken temporarily off the market, and the price could change without notice; it could blow up, explode or vanish. To find out the present status of any listing, please go to elizabethweintraub.com.