TITLE COMPANIES DISCLAIM ANY KNOWLEDGE OF SECURITIZATION

COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary

LIVINGLIES-GARFIELD CONTINUUM BLOG

Casablanca anyone? Pandora’s box is opening. Here is where the pedal hits the metal. The people at the closing knew full well about the securitization of the receivable, knew full well that they weren’t preparing any documents of transfer of the mortgage, knew full well that the money wasn’t coming from the pretender lender on the mortgage papers, and should have known that the standard underwriting practices were not being followed because they were getting instructions from third parties. Their agent frequently was the closing and escrow agent. And their policy of title insurance is supposed to cover the quality of title — after a detailed examination of the title record and the proposed transaction.

TITLE COMPANIES ARE THE HIDDEN “RATING AGENCIES” AND SHOULD BE HELD ACCOUNTABLE FOR THE TITLE CHAOS THAT NOW CLOUDS OVER 60 MILLION TRANSACTIONS SPANNING A DECADE.

TITLE COMPANY, HAVNANIAN DEVELOPER DENY KNOWLEDGE

Posted in bubble, Corruption, Eviction, securities fraud |