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real estate values going down the drain
The price of real estate is dependent on finance.
The ability to sell real estate is dependent on finance.
The real estate marketplace depends on clear title. If you don't know or can't trust who owns what the market will come grinding to a halt and taking values with it.
The US used to have a pretty workable title law system. Then Wall Street came along and entered the marketplace.
If you were caught perpetrating just one of the frauds described in this video, you'd be looking at a long stay in the Gray Bar Hotel.
The top tier banks in the US not only engaged in forgery and fraud tens of thousands of times, they used fraudulent documents to deprive people of their property.
And so far, not one person has gone to jail over this.
The ability to sell real estate is dependent on finance.
The real estate marketplace depends on clear title. If you don't know or can't trust who owns what the market will come grinding to a halt and taking values with it.
The US used to have a pretty workable title law system. Then Wall Street came along and entered the marketplace.
If you were caught perpetrating just one of the frauds described in this video, you'd be looking at a long stay in the Gray Bar Hotel.
The top tier banks in the US not only engaged in forgery and fraud tens of thousands of times, they used fraudulent documents to deprive people of their property.
And so far, not one person has gone to jail over this.
Brookstone Law investigates - As more and more Americans face mortgage foreclosure, banks' crucial ownership documents for the properties are often unclear and are sometimes even bogus, a condition that's causing lawsuits and hampering an already weak housing market. Scott Pelley reports for CBS News 60 Minutes. - For more info visit http://www.BrookstoneLaw.com
