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Real Advantage Title Insurance Co. et al. v. United States et al.
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The title companies that eventually were forced to purchase property after the U.S. Department of Housing and Urban Development (HUD) failed to record a reconveyance of a deed of trust on a reverse mortgage it held filed suit against HUD and the loan servicer. The servicer’s email system had been compromised and bad actors sent a fraudulent payoff statement to the title companies when conducting a sale of the subject property.
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