Alliance Title Company Closing It’s Doors
Alliance Title Company announced on Dec. 13, 2007, that it is shutting down all 230 of it’s offices in California, including the Corporate offices here in Santa Clara County. The “unofficial” word is that they’re merging with Financial Title Company. This closing is further evidence of the slow down in real estate sales here in Sunnyvale and and elsewhere around California.
The SV Home Team has been using Alliance Title for most of our closed transactions in the Sunnyvale area. We would like to assure our clients that this closing does not affect the title policies issued by Alliance Title. Alliance Title and Financial Title are both owned by the same parent company, Mercury Companies, Inc. The underwriter of the title policies will not change.
Alliance Title employs many wonderful people, who are good at what they do; the SV Home Team is confident these employees will be picked up by either Financial Title or one of their competitors, and we wish them the best.
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