Please bear in mind...

I will not be adhering to bartender rules here. In fact, I fully intend to discuss religion, politics, and economics when I feel like it. Really, I have decided to use this space as a way to talk things out, and maybe moderately entertain a couple of you.

Saturday, February 18, 2012

Check up on your contracts...

Especially the security deeds for your house. Over the past decade or two changes in the banking system have resulted in inaccurate paperwork. Almost half of all houses now have a gap in the chain of ownership, especially if the residents haven't changed but the banks have. These gaps can make selling the house hard after all having a gap leaves an air of uncertainty and opens up the risk of future lawsuit. In a handful of cases it's even worse, where a security deed has been issued for more than one bank, that means that there is a chance that someone might be able to foreclose on you that you haven't even heard of.

It's very important to keep everything set up right. And audits of foreclosure proceedings have showed errors in just about every case. It would be wise to make sure that the same kind of problems aren't also effecting you.

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