With fraud loans on the rise in recent years, coupled with the increase in defaulted loans and foreclosures, it has become increasingly important to verify that your lien is in first position, and that your file documentation is complete with all documents needed in the event that you would need to modify, release, or even foreclose.
In recent months, we have experienced an increased number of aged Mortgages/Deeds of Trust that were closed but were never recorded, and the title company is now out of business; assignments that were not of record, and the Assignor is no longer in business, and MERS loans that were never registered or transferred. The fees to make these corrections and updates with MERS can be costly, and may have a negative effect on your bottom line.
If you have any questions, or think you may need help in this area, please call Deb Poppe at 281-257-8800 or email her at
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