AAbsolute
Banned
If the banks can charge you 30 bucks for a .99 cent over draft I say they should have their paper work in order.
There is a #1 priority law involving real estate known as the Statute of Frauds which in short form states that any encumbrance such as this that can effect the title to real property must be evidenced in writing.
We shouldn't give banks a pass on this basic rule when the average homeowner is completely subject to it.