What a mess.

What suprises me most is the total lack of diligence done by the mega-banks and the securities investors concerning ensuring clean chains.

We just bought a foreclosure. Paid $100k less than what it sold for in '06 and got a 4.75% 30yr fixed interest rate.

I thought we would have a much tougher time obtaining title insurance than what we did considering it was a GMAC owned property.

All this is far from being sorted out.