But a quitclaim deed only transfers the interest that the transferor “claims” to have. There is no warrantee of...anything, really.
If this gets going, I seriously doubt we will see title cos eager to insure quitclaim (or any other type) of deeds where title can be shown to have passed through the hands of suspect entities over the past few years.
Denninger is right....this is potentially a s**tstorm of epic proportions. IMO.
JP Morgan Chase told CNBC on Wednesday that it will delay more than 56,000 foreclosure proceedings due to paperwork that was signed, "without the signer personally having reviewed those files."
they first have to show “standing”. if they can’t do that, they have no right to be in the courthouse. hint: most of them can’t prove standing.