The massive ripoff illustrates a gaping loophole in the city's system for recording deeds, mortgages and other transactions.Um, that "loophole" exists everywhere. I can't think of a Recorder of Deeds office in the country that requires clerks to verify what is presented. Doing so would result in recording delays, making even more fraud possible. (My thanks to Glenn for tipping me to this interesting story).
The loophole: The system - run by the office of the city register - doesn't require clerks to verify the information.
Wednesday, December 03, 2008
Daily News Steals Empire State Building
The Daily News proudly announces that it just stole The Empire State Building, using fake deeds and notaries.