So the lender is responsible for the fraudulent loan?

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Jan 5, 2021
5:23:57pm

germ1 All-American

So the lender is responsible for the fraudulent loan?

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germ1

Bio page: germ1
Joined: May 24, 2004
Last login: Jun 21, 2024
Total posts: 7,164 (3 FO)

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Messages

Author

Time

I keep hearing about Home title being stolen and loans being taken out, is this

germ1

1/5/21 4:27pm

Title companies don’t hold titles. The bank has a lien on the property until you pay off the bank. You are still

Cougar-Duck

1/5/21 4:29pm

Homes have deeds not titles. There’s no physical paper like a vehicle.

Ydaho

1/5/21 4:38pm

There is a physical paper and it is recorded.

Baron

1/5/21 4:44pm

"Title" refers to who has legal ownership and the legal right to use a piece of

cougarsnooty

1/6/21 9:46am

This depends on what state you are in. Some states a mortgage is a pure lien, some use title companies and deeds of

vegasnative

1/5/21 4:58pm

So the lender is responsible for the fraudulent loan?

germ1

1/5/21 5:23pm

They were a party to the case as well. We eventually got the court to declare that the loans were fraudulent and

vegasnative

1/5/21 9:39pm

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