Chain of title

how three ordinary Americans uncovered Wall Street's great foreclosure fraud

385 pages

English language

Published Feb. 4, 2016 by The New Press.

ISBN:
978-1-62097-158-1
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OCLC Number:
914219045

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(2 reviews)

"In the depths of the Great Recession, a cancer nurse, a car dealership worker, and an insurance fraud specialist helped uncover the largest consumer crime in American history-a scandal that implicated dozens of major executives on Wall Street. They called it foreclosure fraud: millions of families were kicked out of their homes based on false evidence by mortgage companies that had no legal right to foreclose. Lisa Epstein, Michael Redman, and Lynn Szymoniak did not work in government or law enforcement. They had no history of anticorporate activism. Instead they were all foreclosure victims, and while struggling with their shame and isolation they committed a revolutionary act: closely reading their mortgage documents, discovering the deceit behind them, and building a movement to expose it. Fiscal Times columnist David Dayen recounts how these ordinary Floridians challenged the most powerful institutions in America armed only with the truth -- and for a …

3 editions

Review of 'Chain of Title' on 'Goodreads'

Not surprisingly, it ended badly. Despite rampant malfeasance and fraud and crime, the banks, in the end, get away with it all. For some reason, a homeowner, wondering who actually owns the title and mortgage on their house, is the one considered the deadbeat when banks fail to provide a paper trail and are assumed guilty. Even if they were trying to "get their house for free", it still shouldn't excuse the evil the banks did, all with the powers that be, all the way up to President Obama, looking the other way. Terrible, horrible, and they got away with it scott free, kicking millions of people out of their homes, leaving them empty, often without a shred of proof.

It was written pretty well, although you could tell it was his first book. Sometimes, the details got too overwhelming and sometimes his heart got ahead of the story, but …

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Subjects

  • Popular works
  • Global Financial Crisis, 2008-2009
  • Corrupt practices
  • Foreclosure

Places

  • United States