That would have turned me $100k in profit just by signing my name twice, giving the foreclosing lender cash, and selling the as-is home to the end user.It turns out, as I went to close, there was an emergency appeal on the foreclosure suit, claiming essentially what is improper foreclosure and mortgage fraud.

Funny how peoples identity is tied up in these things.  

Nobody is collecting any $ from either title insurer or anybody else for that matter (unless there is some fraud involved).

That means to me that it's a no lose proposition for perps doing ownership deed fraud.

Transferring title just prior to a foreclosure sale, without bringing the loan current, might be considered fraud in some jurisdictions. 

@Sean RuggieroIn my layman's opinion, that sounds like straight up fraud... 

If you buy using a QCD, and the person selling the property doesn't have the right to sell, when the rightful owner finds out, you can be charged with fraud, forgery (they will claim you forged the signature), bank fraud (if there is a loan on the property), mail fraud, and various other items, none of which further your investing career.

Jay Hinrichs points out that this particular guru was indicted in Oregon for fraud, and is being sued in Washington8.

.* Potential for Fraud: Finally, there is the potential for fraud with Subject To financing, particularly if the buyer is not honest about their financial situation or intentions.

The most common reason to pierce the veil is fraud, one of the next most common is undercapitalization.