A recent article in the National Law Journal reports that class actions have been filed in California and Washington State federal courts against four major real estate title and escrow companies. The suits claim that the title companies charged customers for work completed by other companies involved in the settlement process, led them to pay increased fees for unnecessary services and profited from interest earned from funds escrowed during settlements. This is just another example in the long list of suits filed across the country against title companies that question their business practices and fee structure.
