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Dear Mr. Bosman,

I can answer your question. In Rhode Island we have a law called M.E.R.S. Mortgage Electronic Registration System.

During the sub-prime boom and subsequent real estate crash few transactions (if any)were recorded properly. Buyers got their keys. Sellers got their check, and no one bothered to see if "anything" was recorded correctly. When the bubble burst and foreclosures skyrocketed these lenders went broke making the clearing of titles almost impossible and we are still paying for it today. I suspect that beautiful home was one of the thousands of R.I. properties that fell victim to the crash. Here is the good news. The rules of today are much more protective and going forward we should actually have clear titles.

Be well.

Richard Corrente