But wait, there’s more!

Coconut Telegraph

This just in:

—– Original Message —–
From: Jim Hilbun – UTT
To: UTT – Division Presidents; UTT – Department Managers; UTT – All Fee Attorney Employees
Sent: Tue Jul 29 16:50:23 2008
Subject: UTT Ceases Operation – Urgent Message

It is with deep regret that I must tell you that as of close of business Tuesday, July 29th, 2008 United Title of Texas has been closed by its parent company Mercury Companies of Colorado. Mercury is closing all of its companies outside of CO, which also includes AZ, CA, OR, and NV. As of this moment, all employees are terminated and should either remove their personal items now or return Wed. morning for removal. No files are to be removed or copied in any manner. Files with money in them should also remain as they are now. This is a difficult thing to ask of you but as of this moment you have no legal cause to be in the file since you are no longer and employee of UTT.

This event was brought about by Mercury running out of capital to support their operations. They failed to meet the requirements of their creditors thus losing their line of credit. We became aware of this on Friday but were not notified until 4:15 today of our closing.

Your personnel, insurance, and payroll questions should go to Sheri Gustad at 303-892-7883 in CO.

I will be in the corporate office Wed. morning and will answer questions to the best of my ability.

I am sorry to lose a team as great as you have been. I pray we will cross paths again in the near future.

Sincerely,
Jim

Jim Hilbun
United Title of Texas
Southwest Regional President
Chairman/CEO
512-340-4100 Office
866-209-8346 Fax

The Hauptman’s are at it again!

5 Replies to “But wait, there’s more!”

  1. This morning Financial Title locked out, FATCO on site now. More to follow when I hear more! We knew it was gona happen…

  2. The way they did this was absolutely wrong! No notice, telling them to get their stuff and leave.
    What comes around goes around!

  3. i was a UTT employee and we were told not to expect a last paycheck so i guess by reading everyones comments its true.

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