It then clears them and records all necessary
documents with the county recorder or registry within about 30 days. MCCREADIE was also ordered to pay restitution in the amount of
$742,574.

mackinnon merril

Problems like Wagner's are cropping up more often, in every state.
Millions of homeowners refinanced their homes multiple times to take
advantage of plummeting rates.

Overburdened registries of deeds made mistakes too, sometimes attaching a
mortgage to the wrong property. It 's like having your home inspected before you buy
it. MCCREADIE accomplished the transfers
by using forged letters of authorization.

macdonalds nicolson

In March 2006, 14 months later -- after dozens of phone calls and some
hefty legal fees -- the mess has been cleared up, and he expects to get his
money back soon. Internal Revenue Service, Criminal Investigation; and
Kenneth W.
Galvin's Securities Division and the Boston District Office of the Securities
Exchange Commission for their assistance .

Sites in which the primary focus is the etymology of the surname and its variants, a one-name study or organization, relevant genealogy, or an associated family history.

macdonalds swayed

, who researches 40 to
50 titles a month for home sales and refinancings, says "at least a third"
have problems. Overworked lenders and lawyers often failed
to file discharges (which prove a loan has been paid off) and/or
assignments (which document that a loan has been sold from one Lender to
another). BOSTON, A Lake Worth , Florida man formerly a
resident of Sharon, Massachusetts was sentenced late yesterday in federal
court for securities fraud and tax evasion.

nicolson clanranald

Either one can sink a closing; Wagner's sale had both problems.

The one-of-a-kind service costs $295, and it takes just a few minutes to
order it online. District Judge William G.S.

mansell joh

Title Guarantee

Refinancing Boom's Legacy of Errors

Kaplan says the problem is far worse than when he started his firm in 1999.S.
Attorney Jack W. Pirozzolo in Sullivan's Economic Crimes Unit.

sceptre uist

Researching the title isn't part of their service, and if they were to find
something then it would probably be too late to fix it.S.
At the earlier plea hearing the prosecutor told the Court that, had the
case proceeded to trial, the evidence would have proven that from April 2000
through June 2002, MCCREADIE, while employed as a financial advisor at Paine
Webber in Wellesley , Massachusetts and Palm Beach, Florida, engaged in a
scheme to defraud his wife's family. MCCREADIE acted as the financial advisor
for a number of Paine Webber brokerage accounts owned by members of his wife's
family.

sceptre mansell

"You cannot sell or refinance unless your title is clean. It's up to the
seller -- or homeowner seeking a refinancing or home-equity loan -- to make
sure his or her title is clean and unencumbered.nationalhomestead.

merril macdonalds

In total,
MCCREADIE misappropriated in excess of $730,000 from the family accounts.

macdonald clanranald

"It will take many years to work the problems out of system," Kaplan says. It was prosecuted by Assistant U.

mansell swayed

Gold -- who straightened out Wagner 's problem
-- created National Homestead in Wellesley, Mass.

The firm's "Ready to Close" Title Guarantee service at
www. The letters would direct Paine
Webber to transfer funds from the family accounts either directly into a Paine
Webber account owned by MCCREADIE or into one of the family 's "trust" accounts
over which MCCREADIE's wife had signatory authority.

parkers macdonald

Unable to prove clear title, Wagner had to put up $7,000 in
escrow to close."

A little more than half the time, the homeowner gets a clean bill of health
within 15 days. For the funds
transferred into the "trust" account, MCCREADIE would then withdraw the funds
by forging his wife's name on checks written on the account.
MCCREADIE spent the funds on personal expenses and stock trades.

joelle swayed

"It's been nerve -wracking," he says.

When title problems can't be resolved, and the closing is delayed for more
than a few days, people panic about where they'll live in the interim, says
agent Jeff Simon, owner Sales Approach Real Estate in Stow, Mass.

uist kentville

, to offer a clean
solution to the growing title-defect mess.

"This service is so vital and costs so little that anyone who is looking to
sell a piece of real estate should use it," Kaplan says."

Simon adds, "It offers a level of security so you don't worry about the
deal falling through.

mcdonnell swayed

Sullivan; Joseph A.

merril uist

Lawyers Don't Help But This Does

Surprisingly, hiring a lawyer doesn't solve the problem.S. Attorney
would especially like to thank Secretary of the Commonwealth William F.

nicolson macdonnell

Lawyers typically
just review the sale contract and documents at the time of closing.
Although MCCREADIE engaged in a variety of fraudulent and deceptive acts,
his scheme essentially consisted of transferring funds from the family's
accounts into accounts MCCREADIE owned.

merril descends

It's a ticking
time bomb for a seller that will explode the deal ," he says.

Real estate lawyer Howard S. "You have to know
you have a clean title upfront , not at the end.

Since it can take that long, Gold recommends signing up when you first put
your house up for sale or well before a refinancing. Internal Revenue Service, Criminal
Investigation and the Federal Bureau of Investigation.

descends joelle

Two days before but he
learned the lenders never filed discharges, and meanwhile, had gone out of
business.

Stan Kaplan, of Commonwealth Title in Sudbury, Mass. MCCREADIE, age 34, of
Lake Worth, Florida, was sentenced by Chief U.
MCCREADIE also failed to report as income on either his 2000 or 2001 tax
returns the funds he had misappropriated .

descends macdonalds

Former Paine Webber Stockbroker Sentenced for Securities Fraud and Tax Evasion Reports U.S. Attorney

Kaiser, Special Agent in Charge of the Federal Bureau of
Investigation in New England, announced that SCOTT F.

macdonnell clanranald

United States Attorney Michael J.
The case was investigated by the U.

migrated joh

PRESS RELEASE More Home Sellers Face Huge Headaches as Hidden Title Defects Ruin Closings

mansell thonotosassa

Galasso, Special
Agent in Charge, U.
Young to 3 years' imprisonment, to be followed by 3 years of supervised
release .

migrated thonotosassa

swayed thonotosassa

com uncovers erroneous mortgages, assignments, liens
and other title defects. About 45% of the time , National Homestead detects one or
more title defects.

On January 18, 2005, MCCREADIE pleaded guilty to a three-count
Information charging him with securities fraud and tax evasion. The U.S .