They created a whole system for themselves which made their lives so much easier, but their system isn't legal.
What is happening to the ‘dead beats’ is just the tip of the iceberg. It's when honest homeowners pay off their mortgages that is when the ‘chickens come home to roost’.
And if anyone thinks what the banks have done hasn't screwed up the deeds ask your self why then have the Title Insurers stop insuring titles until the banks promised to make good any losses and ask yourself in the future how will you be able to guarantee that there are no problems with your deed that there isn't somewhere a Investment group that shows they have a lein on your deed?
Then explain why stock traders shouldn’t be more worried. Their investments are usually larger, the ownership is traded by the minute if not the second, and not a single signature is given, not even a robosigned one. And yet you are worried about tracking something that is traded, what, every 3 months, a year, a decade?
Do you still drive an oxen team because a motorized buggy is too newfangled?