BofA Gets Title Insurance Lawsuit Referred to State Court

By Josh Liberatore (July 26, 2022, 2:19 p.m. EDT) — A federal judge in Nevada has accepted Bank of America’s offer to dismiss its lawsuit seeking coverage for losses related to foreclosed homes in homeowners’ associations, finding that A group of title insurers’ “instant deletion” of the case was against the diversity jurisdiction rule.

U.S. District Judge Jennifer A. Dorsey said Monday that Fidelity National Title Group Inc. and other title insurers cannot circumvent the forum defendant rule by sending Bank of America’s lawsuit to federal court before one of the defendants is served or joined. the case.

This practice, known as instant withdrawal, has been commonly used…

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