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First American Title Company, Inc. Inserted Very Unreasonable Exceptions in Preliminary Title Insurance for REO Foreclosure Aiea, Hawaii
First American Title Company inserted language into their Preliminary Title Insurance for a Real Estate Owned (REO) foreclosure. In the "exceptions" (to coverage) section, FirstAm inserted the paragraph "The initiation of any governmental, court or other proceeding by any borrower, mortgagor, creditor or other person(s) challenging the foreclosure process establishing the interest insured herein."