Questions On Potentially-Defective Titles To Real Estate Recently Foreclosed Continue To Be Raised

Buried in a recent Bloomberg News report on Chase Home Finance operation supervisor (ie. "robo-signer", "affidavit slave") Beth Ann Cottrell contains this excerpt noting that the dubious documents being used by lenders and foreclosure mills to foreclose on homes could lead to defective title ownership to the same homes when they are ultimately taken back by these outfits and subsequently unloaded or otherwise dumped onto the unwitting general public:

• If the documents are shown to be false after a home has already been resold by a bank, that casts doubt on who is the rightful owner, said O. Max Gardner III, an attorney at law firm Gardner & Gardner PLLC in Shelby, North Carolina, who has represented homeowners in fighting foreclosures and has cases pending against JPMorgan.

• “I’m sure a lot of title insurance companies are concerned about the potential liability right now,” as borrowers challenge how banks made statements, he said. “The judges could absolutely hold the bank and attorneys in contempt.”

Source: JPMorgan Based Home Foreclosures on Faulty Court Documents, Lawyers Claim.