The title insurance companies should be hosed, at a minimum. A clear title is what you pay for at closing and their title work may now prove defective.
“The title insurance companies should be hosed, at a minimum”
My intel says they are getting the shaft right now. Everybody and their brother are using the policies to cash in on the sloppy title searches done during the hectic times of the boom.
Unfortunately, while “title insurance” is paid for by the borrower/buyer, however it applies to the lender/seller. Not the purchaser.
Anyone buying real estate needs to obtain a separate policy, to protect their interests. Having said that, the system is so far gone that it’s doubtful the outcome would be any different.