Banks across the country are facing foreclosure obstacles due to questionable ownership of loans. The cause of the problem lies in the document. Some cases reveal instances where banks have failed to properly assign ownership of mortgages, whereas others include documents that were backdated or fabricated. These assignment problems have proven difficult to cure since many of the lenders that originated the loans have gone out of business.
Read more at The Wall Street Journal.
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Remember, Danny Frank is a local Pearland, TX Real Estate expert! You can see my entire blog at: http://www.pearlandrealtyblog.com
Disclaimer : The views and opinions expressed in this blog are those of the author and do not necessarily reflect the official policy or position of the Houston Association of REALTORS®