[freedomfiter2]

It seems that we have intent by the mortgage companies to evade taxes by not using the established procedure to record mortgages. By using appraisers that would go along with any asking price, the banks mislead borrowers into thinking they were paying a reasonable price. On the other hand, the borrowers asked for mortgages that they couldn’t afford. It seems that almost everyone involved was part of the problem.

[org.whodat]

The problem here is not the original recording, it is the failure to file notice that the assignor/trustee, depends on what state you are in what they are called, had been changed, breaking the chain of title. Filing to correct this cost about 50cents a page.