Bob Bergeron
President
Crescent Title
Formed in 2003, Crescent Title, LLC is a full-service real estate title company handling both residential and commercial closings. With six offices across the Greater New Orleans area, and employing nearly 50 associates, it is the largest title company in the area. The company’s attorneys have helped developers create over 125 condominium regimes across the city. Crescent Title’s attorneys take pride in teaching hundreds of hours of continuing education credits to investors and real estate agents each year.
What are you most excited about for the coming year?
Having rebuilt after Katrina, we know that getting back can be challenging. We also know that a crisis can bring opportunities. While Ida was no Katrina, the cleanup and rebuilding following this storm will bring more people to our city along with money to help in the reconstruction. We anticipate that with continued low interest rates, the housing market will continue to be strong and robust.
What is the biggest challenge facing your industry today?
One of the major challenges to our industry is the increase in out-of-state real estate closers handling closings in Louisiana with a lack of knowledge of the unique and complex laws and obligations of the closing process. This can adversely affect the integrity of the public records. A second, and continuing challenge, involves wire fraud and the systematic attempt to cause purchasers to wire money to fraudsters.
