Saturday, September 03, 2011

How far do you trust an entity that is "too big to fail"?

Me? Not so much.

Counties across the United States are discovering that illegal or questionable mortgage paperwork is far more widespread than thought, tainting the deeds of tens of thousands of homes dating to the late 1990s.

Considering that the house I live in was bought as a foreclosure several years before the big real estate crash, I'm wondering if I shouldn't get an attorney to do a fresh title search, just in case.

1 comment:

Kathy in FL said...

We've purchased several foreclosure and yep, those title searches are uber important. Sometimes they are so messed up you simply walk away shaking your head. Most of the time they are OK though. Just make sure you use title insurance. We've only had to use it once to clear something up that wasn't caught the first time around by the title company (even after I brought it up to them), but once was all it took to make it all worth while.