[listenhillary]

I was slow to get up to speed on this. The banks are forging documents in court. Sometimes they have no idea who holds title to the loans and/or they are not reviewing foreclosure documents. (The dog ate their homework)So they are making stuff up. Telling the court they have served papers to the homeowners when they have not done so. Thousands of filings for lost documents by the banks.

This will make the foreclosed properties toxic. No title company will sell insurance on a foreclosed property if they are on the hook when the original owner can claim the bank didn’t do it right. Epic cluster fark that might be the straw that breaks the camels back.

by Karl Denninger
Just Counterfeit Documents... No, Really!
http://market-ticker.org/akcs-www?singlepost=2190795

[blam]

"No title company will sell insurance on a foreclosed property if they are on the hook when the original owner can claim the bank didn’t do it right."

The cost of title insurance will sky-rocket?