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LandAmerica files Chapter 11
Drew Kantor, Blogmaster writes:
Henrico, Va.-based title insurance company LandAmerica has declared bankruptcy; some of the company’s assets — Lawyers Title Insurance Corporation, and Commonwealth Land Title Insurance Company, and United Capital Title Insurance Company — are being acquired by Fidelity.
More on the story here. And here.
It’s stock price is down more than 78 percent today; it’s now at $.20.
Another incident adding to the fear factor when someone had been planning on selling a home. I hope Prez Elect Obama can do all we voters hoped he could. Everything is messed up in so many ways.
I really hope this chain of events would slow down or at the best, stop.