Replies to post #440879 on Fannie Mae-No Politics (FNMA)

[Sogo]

Good questions! I'm no expert on the details of how titles are stored and tracked. But it does seem a bit fishy sometimes isn't it? I do understand very well how the function of title verification and checking could be disrupted by blockchain technology, though.

But this article gives a good example of where the government's sloppy and wrong handling of land deeds can be easily better handled by a blockchain.
http://www.zerohedge.com/news/2017-12-05/new-york-city-processed-fake-property-deed-innovative-country-won%E2%80%99t-have-problem
In that case, NYC actually processed a counterfeit land deed! The real owner of the land lost her property because someone presented a fake land deed to the city and the city processed it! Then, even worse, the courts ruled that the city is NOT responsible! The courts said the city shouldn't be responsible for detecting fake deeds. So the land owner is simply out of luck. How's that for a government? Totally failing to protect property rights, just as we are experiencing with the GSEs.

[Pecker9Wood]

I would think it would be like here in Ohio. The deed and title should be recorded in the county the property resides. Title search can be time consuming but not impossible. Title companies have fallen through the cracks on these matters and can be a useless cost. In some cases you can get access online.