Most of the time I post articles & don't get around to actually reading them until weeks later. This article was the exception. Fascinating look into the company actually doing the nuts & bolts mortgage fraud investigations & how interesting it is to read the proof of what many of us believed during the go-go years. I recorded deal after deal after deal, where I wondered why they just didn't include an Order of Notice along with the deeds & mortgages I was putting on record.
I actually did the title for a person who bought a largeish parcel for $250K; refinanced it once a year for 10 years (including new equity lines each year) for ever increasing amounts; until the final mortgage for $750K; which went right into foreclosure six months after I put that mortgage on record. The bank bid $400 at the sale & ended up selling the property two years later for around $225K. Pitiful.
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