[Future Useless Eater]

So now there are THREE big banks admitting their title integrity sucks so badly they had to suspend foreclosures:

(GMAC / Ally), (JpMorgan / Chase), and BofA.

Plus a fourth: Wells Fargo, now takes a different tack: stick all buyers with the added title risk...

The Market Ticker guy just said this...

Wells has been demanding releases from its buyers for title defects - so now by refusing to allow things to settle out in order to complete a short sale the buyer has to take a potentially-clouded or even unmarketable title for which they will have NO RECOURSE.

If you're doing business with Wells in any capacity at this point, you are, in my opinion, dumber than a box-o-rocks.

http://market-ticker.org/akcs-www?post=168041

Latest Real Estate Time Bomb: Title of Foreclosed Properties Clouded; Wells Fargo Dumping Risk on Hapless Buyers

[WOBBLY BOB]

didn’t they also all take TARP $ ?

I believe US Bank was one that refused.