Flipper/Rehabber · Greeley, CO · Member since 2013 · 2k+ posts · 1k+ votes
I thought I would pass this on. American title services was one of the two title companies HUD used before the switch to buyer select. Although I noticed American stopped receiving much work from HUD before the switch (maybe HUD new something?). There CEO committed suicide and the company is under investigation by the Colorado insurance commission. i have received numerous emails from people saying to keep a very close watch on any file that is currently with American Title.
Flipper/Rehabber · Denver, CO · Member since 2009 · 1k+ posts · 726 votes
12y
Wow, thats a crazy way to go out. I've generally disliked the service from title companies who are handed their business by banks, they dont have to earn new business and rarely loose their contracts, leading to terrible service.
Flipper/Rehabber · Greeley, CO · Member since 2013 · 2k+ posts · 1k+ votes
12y
@Anson Young Yup, this particular company always sent out emails making it sound like you still needed to use them even after we changed to buyer select.
Involved In Real Estate · Rochester Hills, MI · Member since 2010 · 812 posts · 178 votes
12y
There is close to a 0% chance this guy killed himself with a 8-9 nail gun shots. That's insane. The pure pain of the first couple would be done for. I don't believe it for one minute.
Investor · Tampa, CO · Member since 2009 · 52 posts · 21 votes
12y
I have always had pretty good service and responses from American Title. But I also use one of the satellite offices and have been doing business with the lead closer for about 15 years at various other companies. That said, I'm not surprised. Another large title company here had the same problems recently. There was embezzlement involved and the company president didn't spend more than a night in jail. I heard his sentence for the millions of missing dollars was mere probation. That was a company I had used for years and I never dreamed would go down that road. They left tax money being owed to the county on a deal I did. I never did hear if the re-insurer paid or left the home owner holding the bag.
I have had a lot of Realtors and fellow investors look at me like I was crazy when I would question doing business with certain title companies. There are two title firms in Colorado I flat out refuse to do business with. I'm sure there are more awful ones out there.
I have always had pretty good service and responses from American Title. But I also use one of the satellite offices and have been doing business with the lead closer for about 15 years at various other companies. That said, I'm not surprised. Another large title company here had the same problems recently. There was embezzlement involved and the company president didn't spend more than a night in jail. I heard his sentence for the millions of missing dollars was mere probation. That was a company I had used for years and I never dreamed would go down that road. They left tax money being owed to the county on a deal I did. I never did hear if the re-insurer paid or left the home owner holding the bag.
I have had a lot of Realtors and fellow investors look at me like I was crazy when I would question doing business with certain title companies. There are two title firms in Colorado I flat out refuse to do business with. I'm sure there are more awful ones out there.
I could probably name the other two downtown, one re-branded, the other one is actually redeeming itself. But only through getting to know one of the title managers and having her personally oversee anything I do that goes through that office. Both attached to foreclosing law firms...
I could probably name the other two downtown, one re-branded, the other one is actually redeeming itself. But only through getting to know one of the title managers and having her personally oversee anything I do that goes through that office. Both attached to foreclosing law firms...
Yep, both downtown. I didn't realize there was any redeeming going on. It's good to know somebody actually cares!