Financial Title owned by parent company, Mercury Companies Inc. are ceasing operations in California. The Financial Title closings come after another title subsidiary, Alliance Title, closed all California offices in May.

According to Jim hailbun, President of United Title of Texas who said in the San Jose Business Journal,

“Mercury is closing all of its companies outside of Colorado, which includes Arizona, California, Oregon and Nevada”

This obviously includes the Financial Title the remaining title company in California owned by Mercury Companies.

Financial Title had 36 offices in California but no word on the number of employees who will left without a job.

Jim Hilburn also speculated the closing of both Financial Title and the others Title were caused by creditors pulling the parent company’s lines of credit.

Could it have also been the lawsuits Mercury Companies finds itself steeped in…read about that in my other post here.

I guess bank failures are not the only failures we have to worry about…

Good Luck!

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