And then there were 3……..

Two Redding area Title and Escrow companies have shut their doors. Alliance Title closed shop statewide, and Chicago Title closed their Redding doors as well. Their respective escrows are being handled by one or another of the 3 remaining companies: Fidelity, First American, or Placer. Alliance Title in Redding Having 5 competing companies in our market was probably too many anyway, but less choice is never better for the consumer. All those admin and clerical worker folks are out of work now, including the woman I wrote about in my previous post, who fought back tears while helping me as her assistant had been laid off. Ask not for whom the bell tolls, it tolls for thee. I hope they can all be absorbed back into the local job market, but it must be very difficult for lots of good people. The Redding real estate market can be very cyclical, but I can’t remember losing title companies in the last downturn. Chicago Title in Redding

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