Nobody knows who owns what or what assignments are legit. The title to these homes are destroyed. Yes, they can be fixed but who will pay down the road? It’s the title.
They thought they fixed this massive fraud with a settlement but how are they fixing the titles to the homes?
Where are the satisfaction of “notes” not mortgages? Make sure you request these if allowed in your state!
Business Week-
The $25 billion National Mortgage Settlement signed in February was supposed to right the wrongs exposed in the robo-signing scandal and provide relief to homeowners, with a focus on making mortgages more affordable by reducing how much borrowers owe. In a new report from Joe Smith, the settlement’s monitor, one number jumps out: About half the payouts so far are being used to clear troubled mortgages but aren’t keeping people in their homes.
Banks have provided homeowners $20 billion in relief since March. Of that amount, 49 percent has gone to forgive debts in short sales, whereby a bank lets a borrower sell his or her home for less than the outstanding balance on the mortgage. Banks have waived an average of $115,672 in unpaid principal balances in 113,534 short sales. Typically, a short sale is better for a borrower than a foreclosure, but it still means homeowners ultimately lose their houses.