Eleven properties in this week’s list have defaulted loan values of more that $250,000, with Chesterfield seeing a particularly expensive property that had a value of $877,100.
Bank of New York Mellon
LandAmerica files for bankruptcy & sells underwriting units
Title insurer LandAmerica has filed for bankruptcy. Three of its underwriting units will be sold, the company said. The stock is trading at $.20 a share, down 80% from the close yesterday. Fidelity National Financial said it would buy LandAmerica’s underwriting units Lawyers Title Insurance Corp and United Capital Title Insurance Co for $139.4 million…. Read more »