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Joined 01/20/2008

Matt Carter

Reporter

Inman News

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I cover mortgages, title insurance and real estate services for Inman News. Have a story idea or comment? Please call or drop me a line at matt@inman.com.

My Comments

  • Memo to LandAmerica
    By Matt CarterDecember 2, 2008 - 4:28pm

    Memo to LandAmerica employees posted by to Rain City Guide by Rhonda Porter: http://www.raincityguide.com/2008/11/24/fidelty-title-calls-off-the-landamerica-merger/ MEMO TO EMPLOYEES FROM LANDAMERICA: Yesterday, we signed an agreement to sell our principal title operations to Fidelity. This positive development is good news for our title insurance customers, employees and those who support them. Some employees will become part of the Transition Services team to assist with the orderly transition of our title operations to Fidelity. For those working in non-title subsidiaries, we will continue to assess the ongoing operations of those businesses. As we move forward, we will know more about the general impact of this transaction and will share that with you. In order to make this transaction happen, we’ve had to take two important steps. First, we filed for Chapter 11 bankruptcy protection for our holding company, LandAmerica Financial Group, Inc. and for our 1031 company, LandAmerica 1031 Exchange Services. Chapter 11 is a relief provision that enables a company with financial pressures to take care of its customers, employees and creditors in an orderly process. In effect, Chapter 11 is the way we will address the significant level of debt at the holding company. It’s important to note that LandAmerica has over 150 separate legal entities and only two of them are in protection under Chapter 11. All of our other companies are in operation as part of LandAmerica. The Nebraska Department of Insurance (NEDOI) is taking the other step that must occur to move our business to Fidelity. On Monday, the NEDOI filed a court order to take over our underwriters in a process called “rehabilitation.” This is critical to the process that allows Fidelity to obtain our underwriters. Both steps, Chapter 11 for two companies and rehabilitation for our underwriters, in coordination with the stock purchase, are in the best interests of all stakeholders. While we need to obtain certain approvals, we anticipate closing as early as year-end. These actions also enable two trusted and well-respected underwriting institutions, Lawyers Title and Commonwealth, to remain strong, viable contributors to the Fidelity family of title insurance companies. This has been an anxious and unsettling time for all of us. We will continue to update you as decisions are made. Please read the attached Q&A for employees; customer flyers are also provided for each channel. I am deeply disappointed over the need to file for bankruptcy protection for the LandAmerica holding company and the 1031 company. The sale of our principal title operations to Fidelity offers our stakeholders the best result available in this brutal real estate, credit and capital market environment. The vast majority of our employees will have the opportunity to become part of the largest, most financially sound title insurance company in our industry as the next chapter of our history begins. Ted Theodore L. Chandler, Jr. Chairman and CEO LandAmerica

  • Nebraska Department of
    By Matt CarterDecember 2, 2008 - 4:27pm

    Nebraska Department of Insurance places Lawyers and Commonwealth in receivership: http://www.doi.ne.gov/legal/lawyers/lawyers.htm

  • Subsidiaries of LandAmerica
    By Matt CarterNovember 25, 2008 - 5:21pm

    Subsidiaries of LandAmerica Financial Group, Inc. As of December 31, 2007 State of Incorporation or Organization Percentage of Direct or Indirect Ownership Beech Fly, LLC Virginia limited liability company 90% Buyers Home Warranty Company California corporation 100% Buyers Real Estate Services, Inc. California corporation 100% Capital Title Group, Inc. Delaware corporation 100% Capital Title Agency, Inc. Arizona corporation 100% Nationwide Appraisal Services Corp. Pennsylvania corporation 100% Nationwide Appraisal and Title Services of Ohio, Inc. Ohio corporation 100% CTG TotalFlood Services, Inc. California corporation 100% Nations Holding Group California corporation 100% 1031 ExchangePoint, Inc. California corporation 100% AdvantageWare, Inc. California corporation 100% First California Title Company California corporation 100% Land Title of Nevada Nevada corporation 100% United Capital Title Insurance Company (NAIC#50041) California corporation 100% United Title Company California corporation 100% New Century Holding Company California corporation 100% NAC1031 Exchange Services California corporation 100% New Century Title Company California corporation 100% New Century Title Holdings, Inc. Nevada corporation 100% Commonwealth Land Title Insurance Company (NAIC # 50083) Nebraska corporation 100% Atlantic Title & Abstract Company Delaware corporation 100% ATACO, Inc. Pennsylvania corporation 100% Closingguard, Inc. Delaware corporation 100% Preferred 18.9% Common CLTIC – RELO, Inc. Pennsylvania corporation 100% Commercial Settlements, Inc. District of Columbia corporation 100% Commonwealth Land Title Company California corporation 100% Commonwealth Land Title Company of San Antonio Texas corporation 100% Commonwealth Land Title Company of Washington Washington corporation 100% Commonwealth Land Title Corporation Iowa corporation 100% Commonwealth Land Title Insurance Company of New Jersey (NAIC # 51195) New Jersey corporation 100% Commonwealth Relocation Services, Inc. Pennsylvania corporation 100% Congress Abstract Corporation Pennsylvania corporation 100% Crestview Lawyers Service New Jersey corporation 100% CRS Financial Services, Inc. Pennsylvania corporation 100% DO Holding Company, Inc. Delaware corporation 100% LandAmerica Espanola Abstract Company, Inc. New Mexico corporation 100% Golden State Title Company California corporation 100% Goliath, Inc. Pennsylvania corporation 100% Goliath Four, L.P. Pennsylvania limited partnership 100% LandAmerica Albuquerque Title Company New Mexico corporation 100% LandAmerica Appraisal Services, Inc. Pennsylvania corporation 100% LandAmerica Capitol City Title Services, Inc. New Mexico corporation 100% LandAmerica Commonwealth Title of Austin, Inc. Texas corporation 100% LandAmerica Commonwealth Title of Dallas, Inc. Texas corporation 100% LandAmerica Commonwealth Title of Fort Worth, Inc. Texas corporation 100% LandAmerica Commonwealth Title of Houston, Inc. Texas corporation 100% LandAmerica Partners Title Company Texas corporation 100% LandAmerica Texas OneStop, Inc. Texas corporation 100% Longworth Insured Title Agency, LLC Ohio limited liability company 51% Louisville Title Company Kentucky corporation 100% Napa Land Title Company California corporation 100% Network Title Services, Inc. New Jersey corporation 100% New York Land Services, Inc. New York corporation 100% Osage Corporation Pennsylvania corporation 100% Portland Financial Services Corporation Oregon corporation 100% Property Services, Inc. Pennsylvania corporation 100% Residential Abstract, LLC New York limited liability company 51% RTC Holding Company Washington corporation 100% Southern Escrow and Title, LLC Florida limited liability company 20% The National 1031 Exchange Corporation California corporation 100% Title Guarantee Company of Rhode Island Rhode Island corporation 100% Title Services, Inc. Minnesota corporation 100% County Title Holding Corp. California corporation 100% All Counties Courier, Inc. California corporation 4.5% Award, Inc. California corporation 100% Carlsbad Village Investors, LLC California limited liability company 50% Docusign, Inc. California corporation 100% G & S Reconveyance Company California corporation 100% Golden Escrow, Inc. California corporation 100% Lighthouse Escrow Company California corporation 50% San Diego County Holding Company California corporation 100% Sherwood Escrow, Inc. California corporation 45% Southland Title Corporation California corporation 100% Southland Title Equities California corporation 100% Southland Title of Orange County California corporation 100% Southland Title of San Diego California corporation 100% StoneRidge Escrow Corporation California corporation 100% Geodata Research Systems, Inc. Florida corporation 100% INFO1 Holding Company, Inc. Delaware corporation 100% Fuchs-Little, Inc. Texas corporation 100% LandAmerica Credit Services, Inc. Delaware corporation 100% Credit Resources, Inc. New Jersey corporation 100% Far West Credit, Inc. Utah corporation 100% Info1 Service Corp. Delaware corporation 100% LandAmerica International Holding Company B.V. Netherlands corporation — LandAmerica Company UK Limited London corporation — Chisholm Nurser & Partners, Limited England and Wales corporation 100% LandAmerica Property Inspection Services, Inc. (formerly Inspectech, Inc.) Virginia corporation 100% HBIS Engineering, Inc. (d/b/a Home Buyers Inspection Service) Illinois corporation 100% LC Insurance Agency, Inc. Virginia corporation 100% LFG Processing Corporation Virginia corporation 100% LandAmerica Alliance Company Virginia corporation 100% 8 Broad Street, LLC New Jersey limited liability company 20% AAA Land Title Agency, LLC Michigan limited liability company 30% Accurate Transaction Services, LLC Ohio limited liability company 61% Advantage Title Agency, LLC Arizona limited liability company — Alliance Title Agency of Monroe, LLC Michigan limited liability company 30% Allstar Team Title Agency, LLC Michigan limited liability company 30% Amera Title Insurance Agency, LLC Michigan limited liability company 30% America Land Title Affiliates, LLC Ohio limited liability company 51% Amera Title Insurance Agency, LLC Arizona limited liability company 50% Arbor Land Abstract I, LLC Pennsylvania limited liability company 35% Ashton Woods Title, LLC Florida limited liability company 51% Bedford Title Agency, LLC Michigan limited liability company 30% Blue Max Land & Title Agency, LLC Ohio limited liability company 51% BT Processing, LLC Florida limited liability company 49% Buckeye State Title Agency, LLC Ohio limited liability company 51% Cedar Hill Title Agency, LLC Virginia limited liability company 25% Charlottesville Title & Settlement Services, LLC Virginia limited liability company 45% Clarion Closing Services, LLC Pennsylvania limited liability company 50% Commonwealth Land Title Company of Puget Sound Virginia limited liability company 50% Consolidated Services of Central America, Inc. (d/b/a LandAmerica – Lawyers Title of Central America) Panama corporation 25% Cooperative Title, LLC Ohio limited liability company — Covenant Title, LLC Kansas limited liability company — Creekside Title Agency, LLC a Michigan limited liability company 40% Crossroads Title Services, LLC Ohio limited liability company 51% Expert Title Abstract, LLC Virginia limited liability company 20% Express Title Services, LLC North Carolina limited liability company — First Colorado Title Company, LLC Colorado limited liability company 25% First Star Title Agency, LLC Ohio limited liability company 51% Florida Title Affiliates, LLC Florida limited liability company 30% Founders Title Company Utah corporation 30% Four Star Title Agency, LLC Ohio limited liability company 51% Freedom Title Agency, LLC a Michigan limited liability company 30% Great Rivers Title Company, LLC Missouri limited liability company 10% Gulf Group Title Affiliates, LLC Florida limited liability company — Haynes Title Agency, LLC Michigan limited liability company 25% HBI Title Company of Texas, LLC Texas limited liability company 30% Home Title Services, LLC Texas limited liability company 25% Integrity First Financial Services, LLC Florida limited liability company 20% Intellihub Solutions and Services, LLC Delaware limited liability company 30% Jones & Tatom Title & Trust, LLC Virgin Islands limited liability company 5% Kent Title Agency of Western Michigan, LLC Michigan limited liability company — Kitsap County Title Agency, LLC Washington limited liability company 51% Lake States Title Agency, LLC Michigan limited liability company 40% Lakeshore Title Services Agency, LLC Michigan limited liability company 25% Land America Insurance Services, Inc. Florida corporation 70% Land Title Associates, LLC Virginia limited liability company 25% LandAmerica – Lake Settlement, LLC Virginia limited liability company 25% LandAmerica Production Center, LLC Virginia limited liability company 70% Lawyers Title Agency of the Emerald Coast, Inc. Florida corporation 25% Liberty Investors Group, Inc. California corporation 40% Livingston Title Agency, LLC a Michigan limited liability company 40% LT-CFS. LLC Virginia limited liability company 30% M and M Title Services, LLC Ohio limited liability company 51% Magic City Title Associates, LLC a Virginia limited liability company 25% MBC Title Agency, LLC Michigan limited liability company 50% Member Advantage Title Agency, LLC Michigan limited liability company — Merrill Title Company, LLC Utah limited liability company 40% Metropolitan Title and Escrow Company, LLC Virginia limited liability company 80% National Land Title Services Agency, LLC Michigan limited liability company — National Land Transfer of New Jersey, LLC New Jersey limited liability company 51% New Mexico Title – Comanche, LLC New Mexico limited liability company 40% New Mexico Title Company – Barbara Loop, LLC Virginia limited liability company 50% North Carolina Title Associates, LLC Virginia limited liability company — Northridge Title Agency, LLC Ohio limited liability company 51% Ocean Abstract Company New Jersey corporation 25% Oklahoma OneStop, LLC Oklahoma limited liability company 55% Old Northwest Title Agency, LLC Ohio limited liability company 30% Prestige Title Agency, LLC Virginia limited liability company 25% Professional Title, LLC Kansas limited liability company 30% Real Estate eTax Service, LLC Michigan limited liability company 30% Realty Reports Alliance, LLC New York limited liability company 50% Echo Home Title Agency, LLC New York limited liability company 50% United Settlement, LLC New York limited liability company 51% Scioto Land Title, LLC Ohio limited liability company 51% Select Title, LLC West Virginia limited liability company 80% Sevenstar Title Agency, LLC Arizona limited liability company 50% Shipbuilders Title, LLC Virginia limited liability company 30% Sibcy Cline Title Agency, LLC Ohio limited liability company 30% Spectrum Title Agency, LLC Michigan limited liability company 40% SSL Title Agency, LLC Ohio limited liability company 51% State Street Title Agency, LLC Michigan limited liability company 40% Taft Title/LA Agency, LLC Ohio limited liability company 51% Title Associates, LLC (formerly JB-LAC, LLC) Texas limited liability company 25% Title Associates Agency, LLC Michigan limited liability company 40% Trident Abstract Title Agency, LLC New Jersey limited liability company 20% Trinity Title Insurance Agency, Inc. Georgia corporation 25% Universal Land Title of North Texas, LLC Delaware limited liability company 20% USA Title Affiliates, Inc. Virginia corporation 100% ABC USA Title Agency, LLC Virginia limited liability company 50% CW Title Agency, LLC New Jersey limited liability company — M & M Title Services of Florida, LLC Florida limited liability company 34.5% Virginia USA Title Agency, LLC Virginia limited liability company 1% ValuTree Title, LLC Florida limited liability company 30% Vineyard Investment Group, LLC New Hampshire limited liability company 25% VIP Title Agency, LLC Ohio limited liability company 51% Waterside Title Agency, LLC Michigan limited liability company 30% West Side Title Agency, LLC Michigan limited liability company 40% Wilson Title Insurance & Escrow Services, LLC Wisconsin limited liability company 25% LandAmerica Assessment Corporation Virginia corporation 100% LandAmerica Valuation Corporation Virginia corporation 100% LandAmerica Commercial Search Services Company Virginia corporation 100% Data Trace Information Services, LLC Delaware limited liability company 20% Data Trace Information Services II, LLC Delaware limited liability company 20% LandAmerica (Europe) Sarl Switzerland corporation 95% LandAmerica 1031 Exchange Services, Inc. Maryland corporation 100% Building Exchange Company Virginia corporation 100% Arden Echelon Partners, LLC New Jersey limited liability company 100% Bayside Partners IV, LLC Michigan limited liability company 100% Building Exchange Properties G.P., LLC Virginia limited liability company 100% CWLT Roseland Exchange, LLC New Jersey limited liability company 100% Glenville, LLC Delaware limited liability company 100% LAEC, LLC Ohio limited liability company 100% Landam Construction Exchange Company Virginia corporation 100% OTV Construction Exchange, LLC Missouri limited liability company 100% LandAmerica Services, Inc. Virginia corporation 100% Complete Closing Services, Incorporated New Jersey corporation 100% LandAmerica International Holding Company Virginia corporation 100% CTCA Services (d/b/a LandAmerica-Commonwealth Title of Central America) Cayman Islands corporation 25% CTRD Services (d/b/a LandAmerica – Commonwealth Title Republica Dominicana) Cayman Islands corporation 25% LandAmerica Services of Mexico, S.A. de C.V. Mexican corporation — LandAmerica Title Insurance Company of Mexico, S.A. Mexican corporation — LandAmerica Insurance Agency, Inc. Virginia corporation 100% LEISA of Connecticut, Inc. Connecticut corporation 100% LandAmerica OneStop, Inc. Virginia corporation 100% LandAmerica Maryland Holding Company Maryland corporation 100% MSTD Inc. Maryland corporation 100% Realitics, LLC Georgia limited liability company 50% LandAmerica Tax and Flood Services, Inc. California corporation 100% Geologix Flood Services, LLC California limited liability company 100% Lawyers Title Insurance Corporation (NAIC # 50024) Nebraska corporation 100% American Title Group, Inc. Texas corporation 100% LandAmerica American Title Company Texas corporation 100% LandAmerica Austin Title Company Texas corporation 100% LandAmerica Lawyers Title of San Antonio, Inc. Texas corporation 100% LandAmerica Texas Title Company Texas corporation 100% LandAmerica Financial Group, Inc. (Direct subsidiaries in bold) State of Incorporation or Organization % of Direct or Indirect Ownership Atlanta Title Company Georgia corporation 100% Biltmore Abstract Limited Partnership Pennsylvania limited partnership 49.95% Builders Disbursement Services, Inc. Virginia corporation 100% CFS Title Insurance Agency, LLC Virginia limited liability company 50% Commerce Title Guaranty Co. Tennessee corporation 100% First Stable Properties, Inc. Virginia corporation 100% Global Corporate Services, Inc. Virginia corporation 100% Guarantee Title Co., Inc. Kansas corporation 100% Land Canada Limited Canada corporation 51% LandAmerica Charter Title Company Virginia corporation 100% Charter Title/Sugarland, Ltd. Texas limited partnership 80% Charter Title Company – Galveston, LLC Texas limited liability company 100% Harbour Title Company Texas corporation 50% LandAmerica (Europe) Sarl Switzerland corporation 5% LandAmerica Lawyers Title of Amarillo, Inc. Texas corporation 100% LandAmerica Lawyers Title of El Paso, Inc. Virginia corporation 100% LandAmerica Lawyers Title of Roswell, Inc. New Mexico corporation 100% LandAmerica New Mexico Title Company New Mexico corporation 100% LandAmerica Wilson Title Company Texas corporation 100% Lawyers Holding Corporation Virginia corporation 100% Biltmore Abstract, LLC Pennsylvania limited liability company 50% Chatham Abstract, LLC Pennsylvania limited liability company 50% Lion Abstract, LLC Pennsylvania limited liability company 50% Louisville Title Agency of Central Ohio, Inc. Ohio limited liability company 100% Oakton Title, Inc. Virginia corporation 100% Lawyers Title Agency of North Florida, West Division, Inc. Florida corporation 100% Lawyers Title Canada Corporation Canada corporation 100% Lawyers Title Company California Corporation 100% California Land Title Company California Corporation 100% Channel Islands Escrow, Inc. California Corporation 100% Continental Land Title Company California Corporation 100% LandAmerica Default Services Company California Corporation 100% 3 Arch Financial Services Corporation Delaware corporation 100% 3 Arch Trustee Services, Inc. Delaware corporation 100% LTC Exchange Company California Corporation 100% LandAmerica Account Servicing, Inc. Arizona corporation 100% Lawyers Title of Arizona, Inc. Arizona corporation 100% Lawyers Title Agency of Arizona, LLC Arizona limited liability company 25% Lawyers Title of Nevada, Inc. Nevada corporation 100% Lawyers Title of Pueblo, Inc. Colorado corporation 100% Lawyers Title Realty Services, Inc. Virginia corporation 100% Lawyers Title Settlement Company, LLC Virginia limited liability company 50% Lion Abstract Limited Partnership Pennsylvania limited partnership 49.95% LTTM, Inc. (f/k/a Ten Mile Title, Inc.) Colorado corporation 100% LTIC Alliance, LLC Ohio limited liability company 100% HL Title Agency, LLC Ohio limited liability company 51% M/I Title Agency, Ltd. Ohio limited liability company 10% Memphis, TN Joint Plant, LLC Ohio limited liability company 33.33% Performance Tax Services, Inc Texas corporation 100% Property Title Insurance Corporation Puerto Rico corporation 100% APEX Title Insurance Corporation Puerto Rico corporation 100% Cancellation Services, Inc. Puerto Rico corporation 100% Ranier Title, LLC Washington limited liability company 25% RE/Affirm Title Agency, LLC Ohio limited liability company 51% Real Estate Title Company, Incorporated Maryland corporation 100% The Indianapolis Joint Plant Partnership Indiana corporation 33.33% The Title Guarantee & Trust Company Ohio corporation 100% Title Investors Group, Inc. Texas corporation 100% Title Insurance Company of America (NAIC #50245) Nebraska corporation 100% Mid-South Title Corporation Tennessee corporation 100% Rutherford County Title Insurance Co. Tennessee corporation 100% TransOhio Residential Title Agency Ltd. Ohio corporation 20% LoanCare Servicing Center, Inc. Virginia corporation 100% Orange County Bancorp California corporation 100% Centennial Bank California corporation 100% Palma, LaZar and Ulsh, LP Pennsylvania limited partnership 40% Residential Property Maintenance, Inc. Arizona corporation 100% RQ Holdings, Inc. Texas corporation 40% Transnation Title Insurance Company (NAIC # 50012) Nebraska corporation 100% American Title Company of Livingston Michigan Corporation 100% Colorado National Title, Inc. Colorado corporation 50% Escrow Support Network California corporation 100% Gateway Title Company California corporation 100% Land Title Agency, Inc. New Jersey corporation 100% Northpoint Escrow & Title, LLC Washington limited liability company 40% Pinnacle Title Agency of Arizona, LLC d/b/a Transnation Title Agency Arizona limited liability company 45% Portland Title Agency, LLC Oregon limited liability company 51% Transnation Title & Escrow, Inc. Delaware corporation 100% Title Transfer Services, Inc Colorado corporation 100% Xenia Property Company Pennsylvania corporation 100%