One of the suspects, Troy Baylor, took prospective buyers on tours of the empty properties, telling them they were owned by the city, which was seeking to sell them, and that he, as a city employee, could have the houses' titles transferred to the buyers, according to the report.
Land records are all handled electronically, which speeds up the title transfer.
Title transfers involving residential property are much simpler than those for farmland, said Steve Rosberg, the founding and managing partner of Ushay Investments.
After all, we regulate cars in all kinds of ways, from licensing requirements to title transfers to insurance to seat belts to bumpers and safety standards.
Although at the individual level both types may provide a monetary return to the investor, from the standpoint of the entire economy, purely financial investments appear only as title transfers and do not constitute an addition to productive capacity.
Instead, it plans to monetize through post-transaction services, like loans, title transfers, refurbishment, and insurance).
All payment processing and title transfer is handled by Beepi, which takes a 9-percent cut of the transaction.
The vesting of property varies from one country to the next, and so does the method of title transfer.
Despite the fact that some member states already operate the single buyer model (e.g. the National Balancing Point in the UK and Title Transfer Facility in the Netherlands), such a move at the community level would task the Commission to negotiate gas contracts on behalf of the EU.
