“For the first time in the nation’s history, there is no longer an authoritative, public record of who owns land in each county,” testified Peterson.

Epoch Times-

Homeownership is fraught with many problems, especially during a recessionary period. A major problem can arise when the property is still encumbered with a fixed-rate mortgage (FRM), an adjustable-rate mortgage (ARM), or any other mortgage variation under FRM or ARM, including balloon mortgages and mortgage loans guaranteed by, for example, the Federal Housing Administration.

What is not public knowledge is that a title or a deed to a property, which should de facto decree full ownership, may not in fact do so, thus requiring costly litigation.

[EPOCH TIMES]

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