That's why you buy title insurance. And the fact that a foreclosure is invalidated doesn't guarantee that the current owner will lose the property to the original owner. The former owner, no longer in possession of the property, now has to prove they have a valid ownership claim. Just because their foreclosure was invalidated doesn't automatically give them ownership of the property, let alone possession.
Don't blame the courts for this mess. The mortgage industry deliberately short-cut the mortgage and foreclosure processes in order to maximize their profits and minimize their losses. Now they have to pay the piper. Again.
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Today's Featured Article - The Fordson F Ignition System - by Anthony West. A fellow restorer contacted me earlier this year asking for some help and advice on a model F that he was restoring. He had over a period of months spent a fair amount of his hard earned cash on replacement parts for the old "trembler" ignition. Sadly though all his efforts seemed to be a waste of time and money as he still couldn''t get the temperamental old thing to run correctly!! If i said that this was a little frustrating for him that would be "conservative" in fact the problem had reduce
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