Time Runs Out for Genuine Title Lawsuits

To class action lawyers, the much maligned Maryland title agency Genuine Title, LLC, has been a gift many times over. That one company has spawned eight class actions and two public enforcement cases. But, after four years of exhaustive litigation, the federal judge presiding over the class lawsuits has finally thrown them out. The reason for the dismissal is that the newer plaintiffs are simply suing too late, in violation of the one-year statute of limitations in the Real Estate Settlement Procedures Act (RESPA). Allegations about Genuine Title paying kickbacks have been public since 2014, when the first of the eight class actions was filed. After that, Genuine Title went bankrupt. The Consumer Financial Protection Bureau (CFPB) and the Maryland Attorney General filed enforcement actions against Wells Fargo Bank and JPMorgan Chase Bank for their purported involvement with Genuine Title’s scam. The lawyers from the first class action, Fangman, then went on to file seven…

Read more detail on Recent Real Estate and Property Law posts –

This entry was posted in Real Estate & Property Law and tagged , , , , . Bookmark the permalink.

Leave a Reply