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CONSIGLIO NAZIONALE DEL NOTARIATO

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Mortgage Fraud: Three Italian Notaries in the Obama Administration’s Task Force

28/02/2012

National

The task force set up by the White House to study the possibility of attributing legal force to digital identities is one of a number of efforts addressing the lack of advance checks which is typical of common law systems. This lack certainly contributed, by way of identity theft, to the sub-prime  phenomenon and “robo-signing” (falsification of documents to obtain illicit foreclosures), to the real estate crash and the foreclosure-gate scandal.

 he facts have demonstrated the limits of security in countries that lack up-front checks and guarantees, unlike our system which is based on an advance check on the correctness of real estate transactions. For example, there are no land registries and this helps create uncertainty as to the ownership of a property or its unencumbered status.

The working group, together with representatives from the White House, the FBI and large companies that are interested in studying new mechanisms to improve the safety of documents and contracts, will be joined – under the collaborative relationship already set up between the National Council of Notaries and the common law countries – by three Italian notaries having extensive international experience, who have been called upon by the American Bar Association, the body that represents US lawyers.

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Altri Articoli

National

04/05/2020

During this health and economic emergency, Europe’s 45,000 notaries are personally and collectively committed to playing their full role in the community effort to overcome the pandemic and to mitigate as far as possible the significant personal losses that are and will be suffered by large numbers of citizens

National

01/02/2019

Thanks to these two Regulations, the conflict of laws rules are now unified between the Member States participating in the enhanced cooperation to determine the applicable law and the competent court which will decide on the division of assets in the event of separation of the couple or death

National

21/05/2018

Produced with financial support from the European Commission, this website provides information on the evidentiary value of authentic acts drawn up in the 22 countries of the European Union familiar with notarial practice in matters of succession and family law

National

19/01/2018

He succeeds Spanish notary José Manuel García Collantes.

National

16/01/2017

From today he is President of the 40,000 notaries of the European Union – He takes over from Mr Paolo Pasqualis

National

08/11/2016

These stories, from times past and present, emerge from the provisions of the last wills and testaments of famous men and women as well as of ordinary people. They make interesting and in some cases even comical reading. Those who choose to give a noble end to their existence through a charitable bequest turn their will into a story of love for their fellow man and send a message of hope to new generations.