Chain of title
by David Dayen · first published 2016
3mentions
2recommended by
3HN commenters
2017–2018first – last mentioned
67% recommend33% neutral
"In the depths of the Great Recession, a cancer nurse, a car dealership worker, and an insurance fraud specialist helped uncover the largest consumer crime in American history-a scandal that implicated dozens of major executives on Wall Street. They called it foreclosure fraud: millions of families were kicked out of their homes based on false evidence by mortgage companies that had no legal right to foreclose. Lisa Epstein, Michael Redman, and Lynn Szymoniak did not work in government or law enforcement. They had no history of anticorporate activism. Instead they were all foreclosure victims,
Affiliate links. As an Amazon Associate I earn from qualifying purchases.
…matters.] It's almost like Japan (from the little that I've read) was a blueprint for the U.S. etc., and the U.S., I suspect, will be an further example for other markets. [edit 2: Book recommendation Chain of Title by David Dayen]
on “US housing market hit a ‘significant slowdown’ in recent weeks, Redfin CEO says” ↗Here is a real, widespread, horrifying example: I was aghast when reading "Chain of Title" by David Dayen. https://thenewpress.com/books/chain-of-title Amongst many things, recall how banks got away with a slap on the wrist for the whole Robo-Signing scandal. (see: https://en.wikipedia.org/wiki/2010_United_States_foreclosure...)…
on “A year later, Equifax has faced little fallout from losing data” ↗…made out of lawyers, notaries, various government agencies and so on. And in that real world, there's plenty of manipulation in which houses get taken from their rightful owners. See, for instance, 'Chain of Title' [2] by David Dayen. Again, some kind of independent, incorruptible single source of truth is desperately needed and isn't especially there right now. I wouldn't want to replace multiple, independent…
on “Blockchains are the new Linux, not the new Internet” ↗