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Jan 5, 2021
4:58:18pm
vegasnative All-American
This depends on what state you are in. Some states a mortgage is a pure lien, some use title companies and deeds of
trust. This does happen, but it is not common. I had a case involving someone who took out fraudulent loans using someone else's property as collateral, basically just by forging signatures and committing fraud. They then just ran off with the funds. Person had no idea this had happened until they got the notice of the intent to foreclose on the lien. It was a mess.
vegasnative
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vegasnative
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Oct 17, 2012
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