An extended metaphor: Mortgages as meat, and banks & mortgage lenders as sausage makers.
Trust me — it makes sense!
The Foreclosure Crisis Explained – as Sausage Making |
| By: Becca Friday October 8, 2010 9:10 pm |
65 Comments
Old Republic National Title Insurance Company Reportedly Has Stopped Insuring Many Foreclosed Properties |
| By: DeadLast Tuesday October 5, 2010 12:55 pm |
Buying a foreclosed property? You may not be able to get a clear title. According to the New York Times and CBS Money Watch.com, Old Republic is no longer insuring titles of properties foreclosed by Chase. According to the Source of Title.com website, Old Republic’s policies actually affect all properties foreclosed by GMAC/Ally. If title can’t be guaranteed and insured, then properties run the risk of not being able to get financing.
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