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Title Carriers Hit the Fan: Their Solvency in Question 1 Citation One of the hidden issues in the mortgage meltdown is the issue of clouded title caused by non-disclosed table-funded loans that were ?securitized.? The unquestionable presence of unknown parties, MERS (or MERS like pooling, service and assignment agreements) who at least COULD assert claims on the ?borrower?s? obligation, note or mortgage, means that your loan closing created an immediate title question. The question is who can prove that they are the proper party to file a satisfaction of mortg, technorati.com
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Real Estate Term - Cloud on title 1 Citation The term cloud on title references a deed which was recorded but contains an unusual characteristic that would give a person reason to pause before accepting title . Often, the presence of a cloud on title provides the grantee the option to back out of a contractual agreement. Examples of cloud on titl e may include a property address being misspelled in a deed, or a mortgage lien whose repayment has not been officially recorded. A cloud on title is generally considered to be synonymous w, technorati.com
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The problem is not real estate but no disclosure. 1 Citation The March 25, 2009 edition of The Wall Street Journal ( WSJ ) carried one of the most lucid and logical explanations of the cause of our current financial crisis. The article - Toxic Assets Were Hidden Assets - was penned by none other than Hernando De Soto whose book, The Mystery of Capital caught my attention some two years ago. I posted a blog about this book on SERENE ? back in January 2007 which is worth repeating in part: Hernando De Soto , makes a very good case for priv, technorati.com
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