All of the fraudulent assignments, releases or what ever created at the banks hands by companies like DocX are real issues. Giving the banks an easier hand at this type of legal garbage being filed in the county clerks’ offices is putting clouds on titles. What happens when some overseas investor shows up on the door steps of someone who bought a home years ago only to find out Sven has the real paperwork. “I don’t know who you paid for what but I am the owner.” Ooop, I guess it’s a title insurance company problem UNLESS, the title insurer says their was fraud committed and they don’t pay up either. This problem only shows up in the foreclosure arena but why wouldn’t it apply to someone who is current, decides to sell their home, and get’s a release from their “bank” to sell. Wouldn’t the question of their authority on a release be as questionable as an assignment or all the stuff filed in a foreclosure ? This problem is not just a foreclosure problem, it’s a chain of title issue and EVERYONE is affected by this.

The process is too slow, agreed. The “speed” is not a problem of process but a problem the banks see if they are called to produce. Judges finally got tired of being lied to in their court rooms and made them prove it. Changing the process, or lowering the bar of proof is no different than grading students on a bell curve and then wondering why they graduate with an 8th grade reading level. It just becomes a problem for someone else. Lower the bar of proof in these cases leaves all the skeletons in the closet for someone else to stumble onto later. Like some future owner or a title insurer…and the banks will have long been paid off…once, twice…three times the…well, you get the point.

I think you will get more traction with the legislature with this sort of argument…just an opinion…that I shared with every senator by email.

Send the Stupid, Useless Eater, GOYIM, Down the River of DeNILE, to Finacial Destruction, sold OUT for:

a few More that 20 pieces of Silver we suppose?