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Bank Officials Cited in Churn of Foreclosures - Leigh Attridge/MA
3/13/2012 10:58:21 AM (5088 views)

[+] Does anyone know whatever happened to US Land Title? - Jacqueline Purcell/CT (2 replies)
3/12/2012 10:34:43 PM (4314 views)

[+] Search by middle name? - F P/VA (18 replies)
3/9/2012 5:11:58 PM (4468 views)

[+] Abstractors Network - Alix Ott/MI (5 replies)
3/8/2012 4:50:48 PM (5589 views)

[+] Third Coast Title?? - Jason Eanes/GA (2 replies)
3/7/2012 7:49:30 PM (5052 views)




[+] National Real Estate - Non Payment to Title Searchers - Amy Dunphy/NJ (3 replies)
3/2/2012 12:59:12 PM (4363 views)

[+] ESS Solutions - Christine Marley/IN (7 replies)
3/1/2012 5:03:53 PM (5105 views)

[+] Fidelity National updates requirements for title searches - CHARLENE  PERRY/MD (17 replies)
2/29/2012 2:16:19 PM (4757 views)

[+] What happens when a 2nd mortgage - Tempie Elder/GA (5 replies)
2/28/2012 11:20:19 AM (4368 views)

[-] Mortgage avoided by bankruptcy judge due to improper acknowledgement - Leigh Attridge/MA (4 replies)
2/25/2012 6:21:24 PM (6160 views)
Interesting reading in any state - Bobbi Shorthouse, Notary Public/CT
2/27/2012 1:45:30 PM (4697 views)
Re: Interesting reading in any state - Leigh Attridge/MA
2/27/2012 2:58:00 PM (4718 views)
Re: Interesting reading in any state - Patrick Scott/IL
2/27/2012 9:47:02 PM (4527 views)

I see a title claim afoot here.  I think it's pretty safe to say that a hapless title closer got some acknowledgements mixed up and recorded with the wrong mortgages.  Those folks who are named on the acknowledgement are probably making monthly payments on an unenforceable mortgage themselves.

The major lenders all use origination software that automatically populates the information into the loan documents.  I'm sure that includes the acknowledgement.

Whether or not my guess is correct, the title insurance policy insures an enforceable lien.  This lien was judged unenforceable, and thus avoided in the bankruptcy. 

I still think the lack of notice thing is a bunch of bull, however.  The lack of notice argument is based on theory, whereas the fact is that the mortgage was recorded, thereby giving constructive notice.

Theory trumps reality in this case.

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Re: Interesting reading in any state - Leigh Attridge/MA
2/27/2012 10:57:39 PM (5005 views)

[+] 351 year old will sparks bitter dispute in Massachusetts - Leigh Attridge/MA (5 replies)
2/24/2012 9:44:22 PM (5386 views)

[+] Price of fuel and work? - Carla Curry/KY (5 replies)
2/23/2012 7:24:18 PM (3824 views)

[+] not being paid - CHRISTINE POPISH/PA (38 replies)
2/22/2012 7:43:31 PM (4767 views)

not being paid - CHRISTINE POPISH/PA
2/22/2012 7:43:29 PM (3594 views)

[+] Ridiculous Collection Practices - K C/NJ (8 replies)
2/22/2012 1:13:23 PM (4245 views)


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