Obligations and Actions In acquiring title to foreclosed properties, banks assume the primary responsibilities of an owner, including providing maintenance and security, paying taxes and insurance, and serving as landlord for rental properties. Banks should communicate with localities, including homeowner associations, about specific requirements with respect to foreclosed residential properties. For example, localities may have [...]

Dealers aren’t making money on cars anymore, so consumers who come into the showroom knowing the precise spread between the invoice price and the sticker have become savvy negotiators. Car salesmen have to earn their keep somewhere, so the dealers are working hard to make up the difference on servicing, trade-ins, and financing, especially on [...]