Quiet title actions are necessary because real estate paperwork may change hands often,
such as has happened with recent Securitization... and it is not always easy to determine
who has title to the property.
Most Investors have NO IDEA of the implications of the multiple Assignments that have
taken place and what that means to the Homeowner or the property title.
When the mortgage industry's robo-signing scandal first broke late last year,
many people became aware that Lenders and, potentially, MERS, had been
illegally foreclosing on homes.
The Enormous Clouded Title Problem
More than 1 million foreclosures have been completed since 2005;
nearly 200,000 were completed just in the 3rd quarter of 2010.
Foreclosures involving Lender-Sold and Wall Street securitized mortgages seem to be
flawed as a rule, rather than as the exception.
The problems still continue. Robo-Signing still continues, despite Government intervention
and promises by Lenders to abolish the practice of both Re-Creating documents and the
Forging of other Documents.
More flawed foreclosures are completed every day, and the clouded title problem extends
beyond foreclosure, though the process of any foreclosure may be flawed in numerous ways...
from the date of the Origination, to the handling of loan documents after the loan was created
and right up through the Court process as to whether the entity filing the foreclosure
Court Documents had the "Legal Standing" to do so.
On September 23, 2010 the Washington Post noted GMAC used affidavits executed
by an employee, Jeffrey Stephan, who admitted in deposition testimony in December 2009
and June 2010, that he did NOT verify the mortgage foreclosure information to which he
was testifying in connection with the foreclosures of two families.
In addition, he admitted signing these ―affidavits, and passing them for later notarization in bulk,
a violation of proper notary procedure.
Mr. Stephan signed off on 10,000 mortgage documents per month according to his June deposition!
The New York Times on the 22nd speculated that:
(regarding GMAC) ―there was "concern about potential liability in evicting families
and selling houses
to which it does not have clear title."
What is a Quiet Title Action??
Outgoing Federal Deposit Insurance Corporation (FDIC)Chairwoman Sheila C. Bair's revealed during her exit interview:
Bair said that the mortgage's industry's reluctance to provide mortgage modifications
stems in part from the industry's "disdain for borrowers."
"I think some of it was that they didn't think borrowers were worth helping,"
she said.
http://www.propublica.org/blog/item/fdic-chairwoman-mortgage-industry-didnt-think-borrowers-were-worth-helping
Quiet Title Workshop
When
Saturday September 24, 2011 at 8:30 AM PDT-to-
Sunday September 25, 2011 at 5:00 PM PDT
Where
SAN DIEGO, CALIFORNIA Take advantage of our Early-Bird Registration for the San Diego Workshop,
get your Fast Action $500 discount.
Limit 30 Attendees
Approved by the Florida and Nevada BarContact Us: QuietTitleWorkshop@gmail.com
You will get an Immediate Reply with Link to Register
(Remember:Fast Action $500 discount off the Full Workshop Price)
