Local Title Insurers Stop Insuring Foreclosure Sales
In May, a measure was implemented in the District that required lenders to enter into mediation with homeowners facing foreclosure prior to foreclosing on these individuals' homes. The Washington Post is now reporting that, due to this law, two of the area's largest title insurers have stopped insuring foreclosure sales. If the situation isn't resolved, it could mean the halt of foreclosure sales in DC.