U.S. BARGAINS MAY BE LACED WITH RISK

A Dysfunctional financial system has led to a dysfunctional title registry

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Canadians avoided the U.S. Banking disaster through prudence and good management. Yet they flock to pick up "bargains" in the states with little or no understanding of the scope of the disaster, nor the risks to new buyers of foreclosed properties. If the property is or was subject to a claim of "securitization" it is very likely based upon faulty or false paperwork. The foreclosures are initiated by intermediary banks without naming the creditors. The title problems are just beginning to surface. Most title companies either refuse to issue a policy or they issue a policy with essentially no coverage for the most likely source of claims --- from "prior" homeowners whose homes were taken by fraudulent foreclosures. Returning homeowners are steadily winning their homes back leaving the investor with no home and no cash. See more on www.livinglies.wordpress.com