One company has totally stopped issuing title insurance for foreclosed properties. That will help the banks get out of trouble won’t it?
It would likely increase title insurance for all.
What scares me is this could be spun into a Democrat win in November. Democrat reps are the only ones that have spoken up about this issue so far.
THIS IS NOT ABOUT FREE HOUSES – MARKET TICKER FORECLOSURE FRAUD UPDATE
“This is not, at this point, about whether the homeowner is paying or not. I am not going to sit here and try to justify the impossible-to-justify – giving people free houses. That is something we clearly cannot do.
No, I’m going to make the case here instead that this is not about “free houses” at all. Rather, it is about due process of law, about the statutes of the 50 States and respect therefor, and the rights of the people to expect that those statutes will be honored and obeyed.
It is about the right of the people to expect that when the court system is abused and bamboozled by a band of hyenas who have designed systems and procedures that on their face are an affront to the legal rights, statutes and privileges of the citizens in the 50 States the people who do so, and who benefit from having done so, will not get to keep their ill-gotten gains but instead will be indicted, tried and if convicted sentenced to time in prison for their crimes.”
"But with foreclosure-gate -- banks are halting foreclosures left and right due to shoddy or missing paperwork -- Obama might have the green light. Rather than pitch the homeowner bailout as a bailout, it would be a mere intervention so that homeowners aren't under seige from evil bankers.