Registers of Deeds as Unexpected Foot Soldiers Fighting Mortgage Abuses? « naked capitalism

AA, very good point. Registrars are public officials and should be notified, if they haven't been already.

The other point I wanted to make is a big thank you to Yves for her unwavering commitment to uncovering mortgage fraud. Easy credit driving caused the housing bubble, and if that's all there was to it, that would be the end of it. Instead our global financial system is in havoc, the US federal government owns 46% of all foreclosed property, federal deficit spending has been increasing exponentially since the end of WWII, we have an inequitable tax code where corporations pay little or no taxes, and 10% of income goes to the top 1% of households.

Gas prices were the tipping point to the mortgage fraud. Mortgage fraud may very well be the tipping point to the collapse of the dollar. The inability of federal regulators to prosecute fraud only means that maintaining status quo is more important than the law. Perhaps the states attorneys general can wield a bit more influence.

I'm proud that a North Carolina Registrar is one of those fighting the good fight, and I intend to send this article to my local and national elected representatives. If the Attorney General of North Carolina published an e-mail address, I would send a copy to his office, as well.

Registers of Deeds as Unexpected Foot Soldiers Fighting Mortgage Abuses? « naked capitalism