Title companies who insured Denver homebuyers when they bought income-restricted housing they weren’t qualified to own are now telling those people they are on their own in dealing with the fallout.

As claim denial letters land in local mailboxes, Denver officials are doubling down on calls for the industry to change the way it addresses affordable housing programs. The city insists compliance with rules should be part of title policy requirements, not exceptions from coverage.

Judging by the response from the Land Title Association of Colorado this week, change isn’t going to happen soon, if it happens at all.

Read more:

https://www.denverpost.com/2018/06/04/denver-affordable-housing-violation-insurance-denials/