Does anyone know what's going on with HSBC? I have a deal not only set to close, but it funded and the seller signed deed did not arrive. Apparently HSBC has implemented a new policy about unrecorded assignments. Tennessee does not require assignments to be recorded. The language is in the MERS document.

I started google searching HSBC news by recent day / week and I'm seeing some weird stuff

Well, for one thing, i did find out that a lot of that was old news. Whew, somewhat of a sigh. i've been told that 100's of buyers in Tennesse are in the same boat with closings not happening. Mine just happens to be one that funded today but the seller signed deed was not sent

Interesting

UPDATE - My deal closed only because it was literally in the middle of the closing. Sellers Title co said they were sending seller signed deed to buyers title co over night. Next day buyer signed docs and mortgage company funded. Buyers title company had $150,000 in escrow waiting to dispurse. After threatening to sue for specific performance etc etc etc. it finally closed last week. I hear many other people were not so fortunate to get their deals closed. Also, I hear that any offers on HSBC properties will not be getting a reply until the issues are resolved. HSBC made a policy requiring all assignments to be recorded.