Apparently, the problem of title defects because of gaps in the chain of mortgage assignments has become so commonplace, that an entire business and even industry has been developed to correct them. This particular company markets towards foreclosure attorneys who are having difficulty navigating the court systems requirements for documented mortgage instrument ownership:
Our experience has proven that, perhaps due to the volume of foreclosures in progress, a large number of attorney requests do not match what is required when reviewing the actual recorded chain of title and unrecorded assignments in the collateral file. NTC can also prepare assignments from MERS to the foreclosing entity to satisfy the new trend in the industry.
It is an interesting business model, and an enterprising venture for the company who apparently recognize a growing market.