Steve,
I respect the fact that each person impacted by what happened with this company has their own opinion based upon their own particular situation.
I was told that the entity that loaned the original US Title came in and took over the assets because they wer not paid. They revived the company in an attempt to get their money back. Their solution was to cut their liabilities by offering a 50% repayment plan to abstractors that would be stretched out for a very long period of time. Essentially and interest free loan from the abstractors for which US Title would only pay back 1/2 of the principal. Since I had closed my company, I had no chance of breaking even unless I sued them. They told me I would not get anything in court. What does that soud like. It sounded to me like I should take 1/2 or nothing. Well, I took nothing and am pursuing ways to get my entire balance. From my perspective, I agree with Robert. I got screwed. I will not reward this company by helping them to earn money to pay me back 50% of my principal. I know more but I hesitate to say too much on line. I hope you can respect my point of view.
Rob
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