Buyer can apply for a mortgage, provide a survey, and have a title search done and title company will insure the mortgage if there's no problem. It's just procedural.
But a quitclaim deed only transfers the interest that the transferor “claims” to have. There is no warrantee of...anything, really.
If this gets going, I seriously doubt we will see title cos eager to insure quitclaim (or any other type) of deeds where title can be shown to have passed through the hands of suspect entities over the past few years.
Denninger is right....this is potentially a s**tstorm of epic proportions. IMO.
you want a warrenty deed not a quit claim deed.
The next step is to have suits to “quiet title” and extinguish all claims.
We need a total reboot of mortages. Banks have been paid off. The only losers will be the mills.