@ Zahari family – you should be able to get First American to handle the quiet title suit for you – get rid of BofA (both mortgages). I doubt BofA could prove a legal chain of title now and trying to back track will only put them right in the face of fraud. Make sure BofA followed all the rules including all guidelines under ECOA (Reg B); RESPA (REg X) and Truth in Lending (TIL) (Reg Z). You are still within the time limits to file any type of violation under those rules. If you have an attorney, good, if not you are going to have to fight this ProSe, but “fight” is the key. The publicity will be good for support but you need to have a legal standing to kick their asses!

http://www.mystolenhome.com

Thanks from the Zahari Family.

Extended title search increase the cost of conveyancing,
so title searchers many times ignore the law and take the risk,

In addition I think a person might know there is something wrong, but because they really like the property they think as long as they pay someone, even if it isn’t the true owner, the purchaser thinks it will work out.

The title company probably did the title search through MERS, which does not give a complete
history of any property in this country.
It’s better to hire a good real estate/mortgage lawyer and have him do the paper work guaranteeing
title than a title company.
They will not honor the contract they signed guranteeing a clear title to any property.

Marilyn, I totally agree with you. Why in the world with all the info out there about illegal foreclosures, you would think that a prospective buyer would do his own research on the home former buyer reason for leaving home or selling, title search, lien search, etc. before an offer. When these people were buying, there was enough info out there to be cautious enough to check. Sounds like they were focused on foreclosed homes. The problem I see is we let others do our work for us when buying a home when we should be doing our own research as well. Sure people get caught up in the cheap foreclosures because they can now get a home, but at what cost? I do feel for these people as victims, but they did not do everything right. They have a big part in this mess as well. The problem started when they bought a foreclosed home without research. If he actually did research, he did not mention it. PEOLE STAY AWAY FROM FORECLOSED HOMES….. Save yourself some grief.

IMHO, this fraud is a direct result of what the bank’s have done to our property rights. Because the bank’s have created a system where they can steal property with fake documents and slight of hand transfers, anyone can follow their model.