zlacker

>>mecred+(OP)
1. Author lost me at his first sentence: "Like most people, I’ve had my identity stolen once or twice in my life." I am careful and aware of this possibility, but AFAIK I have not experienced this, nor have "most people" I know. o_O Crazy times.

2. I don't even understand how a title transfer could happen without verifying ownership. Is the title system in the USA decentralized or that much different than elsewhere? i.e. Torrens-style

>>emptyb+dq
Unlike most common law jurisdictions, the United States doesn't have a central land registry due to lobbying from the title insurance industry.

https://en.wikipedia.org/wiki/Torrens_title#United_States

>>jjmarr+Wr
No, the United States doesnt have a central land registry because that is not an enumerated power of the federal government. The individual states have sovereignty over their own land and each has its own system for land registration. The article you linked to even names several states that have a partial Torrens title system.

The claim that the title insurance industry is the reason for lack of adoption of Torrens title schemes is uncited, and immediately followed by descriptions of several cases where Torrens title was adopted (often poorly) and later abandoned.

>>dcrazy+XA
The federal government never enumerated the power to manage a national credit agency and yet we have several.

>>cmiles+KF
The federal government doesn't manage any national credit agencies.