Published on June 20, 2011
Written by The Servion Group
Usually, most real estate property is encumbered with a mortgage or deed of trust securing an owner's debt or obligation to a lender. The industry as a whole continues to experience an increase in claims resulting from forged reconveyances of deeds of trust and releases of mortgages. Claims often involve either deeds of trusts/mortgages which have just recently been released within 12 months and unreleased mortgages or un-reconveyed deeds of trust where the seller, buyer or a third party presents a fraudulent un-recorded release or reconveyance at or just prior to the real estate closing.