By Scott Pelley

As more and more Americans face mortgage foreclosure, banks’ crucial ownership documents for the properties are often unclear and are sometimes even bogus, a condition that’s causing lawsuits and hampering an already weak housing market.

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Related reading:

Woman on ’60 Minutes’ Has Foreclosure Dismissed
The Palm Beach Post Money (5 April 11)

In Foreclosure Settlement Talks With Banks, Predictions of a Long Process
The New York Times (30 March 11)

Mortgage Mess: Who Really Owns Your Mortgage?
CBS News (3 April 11)

Solari Report Blog Commentaries

Catherine on Mortgage Market Bubbles, “Piratization” and & Other Frauds
(23 March 11)

Catherine on Mortgage Fraud in 2004
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If This Is True…… KaBOOM
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Navigating the Housing Bubble
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