“What about the tens of thousands of probable cases of Perjury by the banks, mortgage companies, and their agents? Do we give them a pass”?
...absolutely not! I’m a Realtor and I gotta tell you, people are given a choice in Va to whether to purchase title insurance or not. I always suggest it but sometimes people opt out to save $900-$2000+/- and say no. That’s a real problem for them. I don’t think they deserve to lose their home, but they have made their own bed.
Also, there are several channels to go through when purchasing a home and all (at least in my experience) explain the ups and downs of home ownership. The foreclosure procedure, inspections, deeds, title, you name it.
The major Title Insurance companies have already told the banks to take a flying leap in the case of foreclosure sales. So that product isn't even available any longer.
And we're not talking about the buyers here. We're talking about tens of thousands of probable cases of Perjery by the banks and their agents. That's damned serious and if it's true then people need to be going to prison.
Then there's the issue of 'who's got the Title?'. There seem to be many, many cases of "we can't find it" syndrome. How is anyone supposed to get a clear, unencumbered Title Deed ever?
That's damned serious, too.
These banks, mortgatge and insurance companies, and yes many, many realtors were more than happy to cash the checks for the last few years. Your entire industry is in this up to the metaphorical eyeballs.
Now you can live with the consequences of playing fast and loose for the last decade. I have no sympathy for any of you. None.