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Jan 5, 2021
4:27
:01
pm
germ1
All-American
I keep hearing about Home title being stolen and loans being taken out, is this
As big as they make it sound?
And why would one be responsible for the loans?
Isnt the home title held by a title company until its paid off, and they are responsible for keeping your title Secure?
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germ1
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germ1
Joined
May 24, 2004
Last login
May 10, 2024
Total posts
7,085 (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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