The Ledger.com (Lakeland, Fl) is reporting another Florida defalcation.
The only question is why was this problem allowed to run for over a year after is was discovered? 2 year old agency. Owner used the company as an ATM. Old Republic stuck with the clean up.
2 responses so far ↓
Greg Knowles // March 26, 2008 at 11:43 am |
That article is unbelievable. What has gone on in that county is incredible. Thanks for the news.
Jonathan Yasko // April 4, 2008 at 10:07 am |
What is ironic is that all title agents in Florida are required to submit their escrow reconciliations, for all accounts, to all of their underwriters on a monthly basis by Statute. If she failed to do so, then the undewriter needs to see why she didn’t submit them. If she held back certain accounts, was this discovered in the audit?
Unfortunately, in my opinion, we are going to start to see more and more of this.