Mr Cooper Group Inc (COOP)

[boarddork]

Who knows if they were truely sold? I wish I had access to title reports cause I'd dig around in there as I have always wondered about this. But if the closing agent/escrow did sell and 'close' the properties fraudulently, willing or unwillingly, my experience has been that title insurance companies are on the hook for the losses; which is why clear title is usually verified by title insurance companies to avoid the lossses.

There has been some interesting discussions either here on IHUB or on Y, about how WAMU property management company CB Richard Ellis I think, correct me if I'm wrong, who is still on the BK dole for managing things, might be just letting them all "squat" in secret these last few years, waiting for the final closing papers from the FDIC to arrive in escrow, so title insurancce will sign off, and then they can close the sell that was misleadingly PRd in the newspapers.

It still kills me to read how Russell Investments here in SEattle is trying to appeal the property tax appraisal for the WAMu building they bought, yet dont own yet.......last I checked on king county website, there is nothing showing their ownership yet.