The problem is, until a court of competent jurisdiction becomes involved – which could occur at any time in the future – the legal title to the house will continue to be in jeopardy. (In fact, the titles to many thousands of houses may stay in jeopardy for several centuries!) You can’t pay the past owners as the system will not permit that to pass through it (you’ll not get title). As far as the system is concerned at this moment, everything is in its proper place. As far as the system (which transfers legal title to real property) is concerned, any deal you make outside of it, will be irrelevant.

A title policy may even have language that excludes any possibility of making someone whole again, after the purchase of property that has a toxic title that arises at some future time. It is important to choose a title insurer correctly as even the strongest insurer can go bankrupt. A strong title insurer, such as First American, may write insurance on so many of these that they effectively downgrade themselves into insolvency. In that case, your protection would more than likely be lost. Depending upon title insurance is going to be a crap-shoot from now and well into the future.

You would be better off trying to find a house that has no title problems.

Bloodsoaked..if you are around, you might enjoy the you tube video posted above..!

Best of Luck to you Rebelwithoutaclause with your purchase…!!! We who get it realize buyer beware is everywhere with housing right now, so you will be fine…just be cautious and know how to protect yourself.

invent: THANK YOU, I was thinking I would get title insurance picking the company myself, also if I did a forensic audit, it may give me the answers I need. This family lived in this home since 1997, raised their family there. I spent time in the neighborhood when I was looking at the house, the next door neighbor, an elderly sweet, sweet man, told about the family (they were hard workers, good parents) now they are evicted &getting a divorce. How terrible, how wrong, and how frequent this has become. 1 time is 1 time too many, and all for the almighty dollar. Another broken family, more kids growing up w/ divorced parents. The core of Americans is their family and home. How many years will this Lawless, racketeering organized crime trickle down from its horrific nightmare, as how many years for our military, fallen soldiers and wounded soldiers, fighting a war we shouldn’t be.

Well I guess my question would be, who is a honest forensic audit co. And title co.? Thank you

@Rebelwithoutaclause, Thank You for the very nice compliment. I am so very concerned about what these hidden commies are trying to do to the American people and the U.S.A..

Regarding buying a foreclosure. Have you had a title search done on the property? We all know that there is fraud in everyones title… I don’t know what State that you are in but, in Illinois there is a Mortgage Certificate of Release Act where the Title Co. can release the mortgage on a cloudy title to the next Title co. or the next owner if you were paying cash, by a letter called a “hold harmless agreement.” I don’t know how trustworthy anything is anymore and I would say that there is always a risk in buying a foreclosure as fraud vitiates everything……Now if it were a short sale directly with the current homeowner then, the title would be clear by the owners signature…The only entity who can legally clear the title is the homeowner with their signature…The attorneys are not so trustworthy either as they will tell you just about anything to make a sale for the banksters….so best be cautious regarding buying a foreclosure.. Best of Luck to you regarding your next move to a warmer climate…!

For me I was illegally foreclosed on with never missing a payment & only owing $32,000 on a $180,000 I fought for 3 years & beat them. Now I’m moving on, we are getting a fresh start, I have almost everything out of my house and my daughter is going to start a new school in Florida, I’m very concerned that I could be getting into a bad position, and I feel I owe the money to the original home owners who have been damaged, they are still in the same county and are now getting a divorce ( the horrible trickle down effects of fraudclosure ) so is there a way to get this in front of a judge before I was to wire the money. Please give me your thoughts. Thank you.

Even though trench-coat judges have and do adjudicate such proceedings (usually entirely wrongly) there has got to come a time when they are no longer permitted to make up the law as they go along. The fraudulent scammers, who trolled through the bank’s offices and picked up information about homeowners who had gone delinquent out of the banksters’ garbage cans, are exactly that. They are fraudulent scammers. And, they have brought many of our judges into their scams with them, by what cannot be called by any other name than, “bribery,” in my opinion.

If the mortgage loan was “securitized,” there is no more (original) Note. It was supposed to have been destroyed at the time of securitization to prevent unlawful double-dipping in the future. And, only the good Lord knows where the original Mortgage is. Without a “wet-ink Note and a wet-ink Mortgage” there is no one – no person, entity, bank, or servicer – that has the true right of foreclose. Once bundled into MBS’s, sliced, diced and sold as stocks, only the millions of investors have the presumptive right of foreclosure. But, not even then, for the scheme is nothing more than the buying and selling of bits and pieces of each MBS. That is how their money (profit) is to be made from then on. Even if a few loans in a bundle go sour, those un-foreseen circumstances were foreseen and were backed up by either insurance or the REMIC trustee, or both. That is the limit of any exposure to legal consequences for a homeowner’s failure to continue paying on a mortgage.

It is too bad that the inventers of this scheme did not foresee the subsequent inflationary period, then Bernanke’s over-zealous attempt to stall out that inflation, that resulted in the too rapid economic down-turn. It is this down-turn that then caused housing values to drop through the bottom, to where they are now. And, of course, it has caused the near collapse of our Nation’s economy. Does anyone not understand that none of this is the fault of any homebuyers? It is only the fault of homebuyers by a “great leap.” That great leap is based upon the assumption, by most people until recently, that true securitization had not taken place. Most people still believe that if I take out a mortgage loan with Bank of America, it is Bank of America that is lending the money, and now it has a huge hole that needs to be filled back up by my payment stream.

The truth is, that hole was filled back up often before the hole had even developed! Not only was the hole filled back up, but it was over-filled by the millions of investors who desired to make as much as they could on their portfolios of mortgage-backed securities. You see, THERE IS NO LENDER WITH A HOLE THAT REQUIRES RE-FILLING ANY MORE. The buyers of the MBS “stocks” are now the people who take on all the risk – and that risk is minute.

The best thing that could be done at this point, is to stop foreclosing on all MBS bundled mortgage loans, and by some process of orderly distribution, give the owners of the homes their houses back – FREE and CLEAR. There will continue to be more than enough borrowers who will pay on their perceived mortgages, so the scheme will probably not unravel. In time, maybe 10 – 15 years from now, things can return to normal, a new way of lending on mortgages so that the money lent will be quickly replaced will be figured out, and the problem of millions of toxic titles will be fixed – except for the already toxic titles that will continue to be a problem for forty – fifty years to come.

I don’t think that the current methodology – that of letting the pain and suffering work itself through the system – is ultimately going to work. Oh, I am sure that’s the current thinking. And, both banksters and politicians are buying into it.