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Capital Title Moves into Appraisals.(Capital Title Group Inc. purchased Nationwide Appraisal Services Corp.)(Brief Article)

Mortgage Servicing News

| April 01, 2004 | COPYRIGHT 2004 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Capital Title Group Inc. here is looking to move into the appraisal business as well. It has agreed to purchase Nationwide Appraisal Services Corp., Pittsburgh.

Besides being in the appraisal business, Nationwide will help Capital expand its title agency business as it is licensed as an agent to sell title policies in 35 states.

Capital will pay $25 million in cash at closing, with deferred payments of up to $3 million depending on specified conditions being met.

By acquiring ...

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