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Jonathan Dalton
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Statement from First American Regarding Arizona Title’s Closure

One (likely) final follow-up to the saga of Arizona Title. First American Corporation, parent company to First American Title, issued a statement regarding the closure of Arizona Title’s offices. First American is going to be completing escrows started at Arizona Title. “First American Title Insurance Company is the sole title insurance underwriter for Arizona Title and in that capacity, has assured state insurance regulators of its commitment to fulfill its duties and responsibilities and assist them as may be necessary or appropriate under the law to ensure that transactions involving the customers of these two companies, and the policyholders of […]

Arizona Title Escrows Being Handled by First American

According to an article posted last night on, escrows that were being processed at Arizona Title have been shifted to First American Title. The article cited at Houston Chronicle article that said Mercury Cos., the parent company for Arizona Title here and United Title in Texas, had stopped the funding to force the closure. United Title had 27 offices in Texas, Arizona Title has 15 offices here. “This decision was precipitated by an unexpected, and in our opinion, unwarranted and unjustified act by our syndicate of banks, which deprived us of the cash we needed to sustain and to […]

Slight Technical Difficulties on Bank Owned Homes

Just a quick heads up that we’re aware of the technical difficulties on the Bank Owned Homes page at the moment. You’re looking at the middle of the ocean because the software isn’t seeing any matching properties, which is a side effect of this week’s switch from Tempo to FlexMLS and the different data formats. My IDX provider is aware of the issue and is working to get it fixed ASAP. [tags]Phoenix real estate, bank owned homes[/tags]

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