Yes, I do. And it's hardly 'small'. There are tens of thousands of mortgages out there where which can't be documented legally. Frauds were perpetrated on Courts and Perjury was committed on wholesale basis.
You may think that's 'small', but I assure you it is not.
And it was all done quite deliberately.
L
small scale or large scale is an interesting side note. I fear it is on a large scale but the errors themselves are small scall technical issues. Folks are being foreclosed on because the occupants aren’t able to meet their obligations. Now they can show an error in the paperwork process that is threatening to bring down the system. The errors are NOT saying anything about the actual ownership of the residence in substance. It’s a paperwork short cut that should never have been made but I’m not seeing fraud in any way so much as the courts once again going PC vs common sense. We need to be able to foreclose in an efficient manner to allow for any type of recovery in the housing market. As a taxpayer I am unwilling to allow delinquent homeowners to squat on my dime. This is so much ado about nothing and yet our courts and media will build it up and the end result is a large scale wealth transfer.