Uninsurance 0
Playing fast and loose with foreclosures; failing to process paperwork as prescribed by law; failing, indeed, to make sure that they had a claim on the property in question–is catching up with the banksters.
Title insurance is required for most U. S. real estate transactions, and, now, the title insurers are getting cold feet:
Apparently alarmed about such a possibility, one of the major title insurance companies, Old Republic National Title, has sent a bulletin to agents saying that “until further notice” it would not insure title to properties foreclosed upon by GMAC Mortgage, the country’s fourth-largest home lender and one of the two big lenders at the center of the current controversy.
Heh.
