Suit Alleges That First American Title Insurance Company is Responsible for Its Agents' Fraud In $3 Million Claim.LLC (Logical Link Control) See "LANs" under data link protocol.
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PONTIAC, Mich., Jan. 21 /PRNewswire/ -- First American First American may refer to:
- First American (comics), A superhero from America's Best Comics
- First American, a division of the now-defunction Bank of Credit and Commerce International.
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 obtain fraudulent mortgages on the properties. Mr. Saylor is currently in the Kalamazoo County jail and when his deposition was taken in jail, he refused to answer pertinent questions and relied on the Fifth Amendment privilege against self-incrimination The privilege against self-incrimination forbids the government from compelling any person to give testimonial evidence that would likely incriminate him or her during a subsequent criminal case. .
The suit alleges that, in 2003, Saylor obtained a facsimile copy of a deed to the 42 properties. The suit further alleges that he then conspired with Simmons Title and Patriot Title to sell these properties fraudulently and obtain mortgages. These title agencies issued title commitments and policies that did not disclose Saylor's lack of ownership of the properties, or several previous mortgages on the properties belonging to Mr. Shafir. According to the motion, Patriot Title also assisted Saylor by recording with the register of deeds The designation, in certain jurisdictions, of the public officers who record documents that establish ownership of property, mortgages, and other instruments that relate to real property in official record books provided and maintained for such purpose. the facsimile deed. Shafir alleges that First American failed to investigate or monitor its agents' activities. The motion claims, "First American's reckless conduct has allowed its agents to defraud people in the midst Adv. 1. in the midst - the middle or central part or point; "in the midst of the forest"; "could he walk out in the midst of his piece?"
midmost of a nationwide real estate crisis."
The motion asserts that First American had an obligation to properly investigate and supervise its agents. Gerard Mantese, the attorney for Mr. Shafir, stated, "Our motion explains, it is untenable for First American to deny responsibility for its agents' conduct."
CONTACT: Gerard Mantese of Mantese and Rossman, P.C., +1-248-457-9200, +1-248-515-6419 (cell), +1-248-457-9201 (fax)
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|Date:||Jan 21, 2009|
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