<http://prospect.org/cs/articles?article=off_register>
"Out of the 6,100 documents [Guilford County, NC, County Registrar Jeff] Thigpen examined, 4,500 showed signature irregularities. The name of one DocX employee, Linda Green, who was acting as a vice president for several major banks, was forged 15 different ways on the Guilford County documents, rendering them invalid. Thigpen's investigation was one of the first systematic assessments of mortgage document fraud in the entire country, certainly more robust than anything conducted by state and federal regulators." That's 73% of the mortgage transfer records in just that one county that are flat-out invalid; and this wasn't a county in the epicenter of the mortgage meltdown. No one knows what it looks like in places like Florida, Arizona and Nevada. This is the other shoe waiting to drop: it's entirely possible that the *majority* of mortgages extant in the US are legally fubared. Who owns your house? Who holds your note? If the mortgages were transferred illegally, based on forged documents, that's fraud on a gargantuan scale. Good luck selling your home or refinancing your mortgage if no one knows who owns the damned thing. (or worse, more than one entity can claim to do so.) -- Bruce Johnson University of Arizona College of Pharmacy Information Technology Group Institutions do not have opinions, merely customs -- You received this message because you are subscribed to the Google Groups "StrataList-OT" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/stratalist-ot?hl=en.
