One thing about America that a lot of folks don't understand is that - even if you have paid off your property debts - you don't actually own that property until the title has been cleared and transferred to you.
EVEN IF you have paid your mortgage in full, in many cases, there will not be clear title to the property - and thus, you cannot legally own the property.
Title Insurance companies know this, as do most banks. This is why there is a ~$70 "Title Clearance and/or Reconveyance Fee" that has to be paid at the end of the mortgage - by the borrower - to the Title Insurance company.
America has a huge backlog of uncleared title. In some counties, there are 2 or 3 or even up to 12 generations of title to get cleared - from the earliest title transfer, to the very latest - before someone can have clear title to their property.
So, like the original author of this article, I suspect that there was some Title Lineage evidence in all that stack of documents, which someone didn't want to have discovered .. for some reason.
The lesson learned: ALWAYS CLEAR TITLE ON PROPERTY YOU INTEND TO PURCHASE.
EVEN IF you have paid your mortgage in full, in many cases, there will not be clear title to the property - and thus, you cannot legally own the property.
Title Insurance companies know this, as do most banks. This is why there is a ~$70 "Title Clearance and/or Reconveyance Fee" that has to be paid at the end of the mortgage - by the borrower - to the Title Insurance company.
America has a huge backlog of uncleared title. In some counties, there are 2 or 3 or even up to 12 generations of title to get cleared - from the earliest title transfer, to the very latest - before someone can have clear title to their property.
So, like the original author of this article, I suspect that there was some Title Lineage evidence in all that stack of documents, which someone didn't want to have discovered .. for some reason.
The lesson learned: ALWAYS CLEAR TITLE ON PROPERTY YOU INTEND TO PURCHASE.