Q: Do I Get A Clear Title When I Buy A Foreclosure?
A: Yes, once they put the property on the market, the bank has already cleared title. The bank has made sure that they paid all the liens, judgments and all that on the property and the previous loans. So you don’t need to worry about any of those problems.
Teresa Martinez is a Realtor with Century 21 in Hacienda Heights, CA.
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4closureFraud.org
Since title insurance companies do NOT insure matters not of record, there is a Grand Canyon sized hole where off-book (ie MERS/securitization chain) transfers and undisclosed interests still remain.
I mean come on… just one look at NAR’s propaganda machine says it all:
http://www.realtoractioncenter.com/for-associations/rpac/fundraising-programs/rpac-major-donor-event-based.html
not entirely her fault… NAR has brainwashed MANY to believe they are “experts” in an industry they know very little about. all for the sake of the almighty dollar.
http://realtormag.realtor.org/article-archive/all
Somebody needs to school this woman! …..OR … Maybe shes just hoping to nab her commission and be on her way when the shit hits the fan. Well….. it’s not like we haven’t seen THAT before right? Either way…a complete idiot!!!!!!!
This realtor is a complete moron, totally has no clue about what is going on. Just try and get title insurance to buy a foreclosure home…..will NOT happen, even the title insurance companies will tell you its a fraudulent foreclosure.
So the banks fraudclose on homeowners but then can’t sell the houses, hahahahahaha stupid effing banksters, not very good business people, fraudulent business model they had and now they will have to pay up, they all deserve to be prosecuted for fraud and put out of business.
Ahahahahahahahahahahahahahahahahlmaoahahahahahahahahahahah!!!!! REALLY!!!!!! “CLEAR TITLE MAY NOT DERIVE FROM A FRAUD!”
What a scammer!!!
After I told the bank attorney who is trying to fraudclosure on my commercial property that the title looks bad…She told me, “We can fraudclose on a cloudy title”…She is telling me that they can commit fraud in court…Where is law enforcement? Fraudclosure a criminal matter, not a civil matter as many cops are saying that this is…I was told by my State AG’s office that criminal prosecutions are based on intent and intent is hard to prove…I say fraud is fraud..they are trying to say that this was all about monetary greed…that is a massive deception…The proof of intent to do harm……Did they all assume too much risk? Did all of them, including the INVESTORS…insure themselves on all of that risk? Those facts are undeniable…the result of that risky business model…permanent harm to millions of Americans who have had stolen from them, their livelihoods, homes and businesses and other investments under the guise of too much debt…Wall Streets debt, not ours..Open up the books of these criminal financial institutions and lets take a look at what they actually have on their balance sheets and what collateral they have backing up those sales…the answer is ZERO…..$700 trillion in mortgage derivatives fraud debt..with ZERO COLLATERAL backing that up…The collateral they overleveraged?…the U.S. TAXPAYERS ABILITY TO PAY BACK ALL OF THE DEBT THEY CREATED….THIS WAS MASSIVE FRAUD…FRAUD ON STEROIDS..AND THEY FULLY INTENDED TO BANKRUPT THE AMERICAN PEOPLE TO PAY FOR IT….NO DOUBT, THIS IS ANOTHER HITLER PLAN..!
BTW, the gangsters are messing with this site today……too late, thanks to some really honest Americans, the truth is out.. these commies can’t cover it up anymore with BIG LIES…!!…