Today in Real Estate

We do live in strange times, especially when it comes to real estate.  Here are just a couple of fun stories for your entertainment:

In Texas an obscure law might have enabled a man to take possession of a $300,000 home for $16 and three years of his time:

In other news it looks like the robo-signing practices that mortgage companies promised to halt have continued:

"Robo-signing is not even close to over," says Curtis Hertel, the recorder of deeds in Ingham County, Mich., which includes Lansing. "It's still an epidemic."

In Essex County, Mass., the office that handles property deeds has received almost 1,300 documents since October with the signature of "Linda Green," but in 22 different handwriting styles and with many different titles.

Linda Green worked for a company called DocX that processed mortgage paperwork and was shut down in the spring of 2010. County officials say they believe Green hasn't worked in the industry since. Why her signature remains in use is not clear.

"My office is a crime scene," says John O'Brien, the registrar of deeds in Essex County, which is north of Boston and includes the city of Salem.

In Guilford County, N.C., the office that records deeds says it received 456 documents with suspect signatures from Oct. 1, 2010, through June 30. The documents, mortgage assignments and certificates of satisfaction, transfer loans from one bank to another or certify a loan has been paid off.

Suspect signatures on the paperwork include 290 signed by Bryan Bly and 155 by Crystal Moore. In the mortgage investigations last fall, both admitted signing their names to mortgage documents without having read them. Neither was charged with a crime.

 

One thought on “Today in Real Estate

  1. Brian Leon

    Kudos to him for actually researching all of this. By all intents and purposes, he seems to be in the right here. As for the neighbours, well,it may not seem fair but that is life.
    Indeed, I bet in many towns, counties, and states there are all sorts of laws on the books originally intended for a specific purpose a long time ago but can have a definite impact today if anyone goes to the trouble of looking them up and acquire some benefit for themselves.

    Reply

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