Slander of Title in Mortgage Foreclosures: Causes and Legal Consequences
Proper property titles are essential in the legal enforcement of mortgages. In the event that a title to a home is muddled by false, misleading, or improperly recorded documents, the outcome can be slander of title. Slander of title may be quite devastating in the law and economically in the case of mortgage foreclosures, especially when invalid claims are registered against a property. What Is Slander of Title? Slander of title happens when one of the parties documents or prints inaccurate information about the condition or proprietorship of a property, which results in injury to the true owner. In contrast to mere clerical mistakes, slander of title is a set of claims for violation of violating the legal rights of another party to real estate. This normally occurs in a situation involving mortgage cases where parties purport to have an interest in a loan or property but lack legitimate legal power to do so. Common Sources of Slander of Title in Foreclosures Mortgage compliance audit ...