Henry the Investor2
Fri, 8 Feb 2013, 2:21am PST
In theory the title owner could clear his name from the title by deeding the property to a straw man buyer, preferably an out of state, judgment proof, loser; perhaps even someone, broke, dying of cancer. Give them a few bucks, they are not at risk, the title is transferred, subject to taxes, liens, etc. Spell this out. Then the title search by the authorities will show only the current title holder, Mr Strawman. I don't see this as fraud as long as the seller lets the buyer know how bad off the property is. The weakness of the title concept is it doesn't look back up the chain; only for the current "owner".