Friday, November 19, 2010

It's 2010. Do you know who owns your house?

Fab.  Dan Edstrom, a man who for his profession does securitization audits and who teaches seminars on the topic, created a ridiculously complicated chart that diagrams the ownership of his own mortgage.

In recent foreclosure proceedings, we've seen that ownership of mortgages has been hard to discern and prove.  But I wonder what it means for clearing title to all our houses.

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