In the continuing saga of attempts to deal with underwater mortgages, some companies have made a business around trying to "Quiet Title" as a means of eliminating the mortgage on the property -- and in a few cases have actually gotten default judgments.
Here's an article from the Palm Beach Post describing the practice and naming some of the companies involved.
Because a default judgment can be set aside fairly readily and the legal theory for making your mortgage disappear is a bit tenuous, we urge all of our members to contact their underwriter before insuring a property that has allegedly been cleared of its mortgage.