That is an interesting observation.  It would be like what happened with all the land flips in the late 1990's. I'm sure a lot of title agents didn't think they were doing anything wrong at the time.  They were just closing a real estate transaction... and then another one right after on the same property.  Sure, the money to complete the first transaction came from the proceeds of the second... but to many, that probably just sounded like "creative financing."

If these foreclosure mills start to go down... there will probably be a title agent involved in the investigation.  In most cases, though, I don't think the foreclosure mills are involved in anything illegal... just very sloppy work.  Slade, however, pointed out a few examples that make me wonder.

Best,
Robert A. Franco
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