While it is comforting to know the authorities are involved, yesterday's breaking story about TDI's takeover of Millennium Title is sweeping the local DFW market this morning. The owner, along with millions of dollars of customers' money, appear to be missing.
The state has set up this website for buyers and sellers in the process of buying or selling a property held in escrow with Millennium Title.
According to NBCDFW.com, State caretakers are now stepping in to close transactions currently in process, and TDI speokesman, Jerry Hagins, assures the public that money in escrow up to $250,000 is insured, and promises little disruption to consumers. Reporter, Scott Gordon, has the full story.
Screenshot Source: www.nbcdfw.com
Help for Affected Consumers: TTIGA
The Texas Title Insurance Guaranty Association (“TTIGA”) is a non-profit, unincorporated association of all Texas-licensed title insurance companies. It exists to protect Texas title insurance policyholders and claimants when a title insurance company or agency fails. Per TTIGA's website, parties who have an interest in or possible claim against Millennium Title can follow their claims process or reach out to them for further assistance.
ADDED WARNING:
If you are researching this story and the title company's owner, it is recommended to avoid the txtitleattorney domain, as it has been flagged by google as having the potential to allow programs to install malicious software on your computer.
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