Topic: Clouded Titles

Dave Krieger of Clouded Titles discusses a looming foreclosure crisis in America, noting that 99.9% of Remic foreclosures are technically illegal. He explains how the Mortgage Electronic Registration System (MERS) allows banks to securitize loans on Wall Street, often resulting in homeowners losing their property to shell corporations like BlackRock or Vanguard. Krieger warns that identity thieves are also using land records to steal titles from unsuspecting homeowners, particularly in Florida.

Dave Krieger advises homeowners to pull their complete chain of title from local land records to identify bogus assignments or fraudulent documents filed by mortgage servicers. He explains that many REMIC trusts are legally closed and cannot hold title, yet servicers continue to file "dummy" documents to facilitate foreclosures. Under Texas law, homeowners have a limited window to challenge the validity of these recordings, making proactive research essential for property protection.