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Toxic title

Big Banks Accused of Short Sale Fraud

7 Comments / bubble, CDO, Corruption, currency, Eviction, foreclosure, GTC | Honor, Investor, Mortgage, securities fraud / By

Wall Street didn’t merely siphon off unearned money, wealth and guarantees from homeowners, bank depositors and taxpayers. They screwed up title on what appears to be more than 60 million transactions — so even refi’s might now have rendered the title to be uninsurable or unmarketable. Big Banks Accused of Short Sale Fraud No surprise …

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The Fed Is (Finally) Talking About Toxic Titles

12 Comments / bubble, CDO, Corruption, currency, Eviction, foreclosure, GTC | Honor, Investor, Mortgage, securities fraud / By

Thank You Deontos: This is the elephant in the living room. Once addressed it will be the largest title problem the country has ever seen. There is no continuity in the chain of title. There can’t be any such continuity. The phrase “toxic title” is a good one. Use it even in your correspondence.   The …

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