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 First American, are successfully processed to completion. As a first step, First American has set up a dedicated customer service center to field questions from existing customers of Arizona Title. Customers with pending transactions may call 925-249-2819 to receive further information.
First American has had a long-standing relationship with Arizona Title and we regret that the current market conditions have forced them into this very unfortunate situation.”
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