“while real estate records are handled by government agencies and is a mess. Just as one would expect.”
It’s a mess because the banks aren’t using it! It’s a mess because they didn’t follow the law. The law says when you transfer these things you record the transfer with the County Recorder just to keep a mess like they have made of things. The banks ignore the legal system and make a mess of things and then you blame the system? So the banks need to be above the law? That’s what caused the problem to begin with they on the own decided not to obey the law.
The county real estate recording system is archaic and a mess. There are more modern ways of doing things rather than klunky contraptions devised 300 years ago. I’ve spent literally years of my time digging through fractured deed and indexes, so I know of what I speak.
American investors trust Brazilian or Chinese stock recording systems more than they do their dinosaur county recorders’ offices. That should tell you something. It amazes me that people (other than shysters) are defending this system, and are proposing a patchwork fix involving MORE lawyers and ADDITIONAL inefficiency. All based on a Cromagnon way of operating. It’s like going back to Windows 3.1.