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Second mortgage snarls deed-in-lieu (access required)

DEAR BENNY: In a recent article about deeds-in-lieu of foreclosure, you didn’t discuss what happens to second mortgages or other claims on title. Are they automatically assumed by the bank? – Tracy   DEAR TRACY: You are absolutely correct that ...

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Sloppy landowner stumped by the pump (access required)

I purchased vacant land (more than a half-acre) a little away from the city in a country living-style neighborhood. At the time of purchase, the lot was overgrown and mostly couldn't be accessed except in one corner where a pumping station existed. I did not obtain a survey; I just looked at the county records/maps and purchased the land.

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You wheeze at the fees, but don’t knock the stock (access required)

My dad used to say, "The reason so many members of Congress and so many bankers are alive today is because it's illegal to shoot them." If you are depositing a check from the Bank of Iran, the Bank of Nigeria or the Bank of North Korea, I can understand "11 business days to clear." But you deposit a check from Monkey's Eyebrow, Ky. or Cuba, Kan. any morning of any day (except Saturday or Sunday), and it clears electronically at 2 p.m. that same day. If your bankster tells you differently, he/she is bloody dissembler.

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