Secret Finance

Martha B asked:


I have a mortgage with a bank. The renters left and I have no way of covering the mortgage until I get new renters. The bank took the mortgage out of my checking account. If I close this checking account and open another one at a different bank can they access my new checking account to get their funds.

Martha B asked:


I have a mortgage with a bank. The renters left and I have no way of covering the mortgage until I get new renters. The bank took the mortgage out of my checking account. If I close this checking account and open another one at a different bank can they access my new checking account to get their funds.

Erik asked:


I doubt that it means approval by the buyer’s bank, because some buyers buy cash and have no bank. Alternatively, for buyers who need to get a mortgage, obviously they need a bank’s approval, and there’s no reason for a real estate listing to say that, because that statement would be apply to everyone who’s buying with a mortgage.

I think the statement refers to the seller’s bank. But I can’t figure out why the seller’s bank would have to approve a sale.

Does anyone know what’s the rationale for a statement like this?

Thanks.
Thanks for the suggestions, but it seems unlikely to me that this wording refers to bank approval of the buyer. It is always true that a buyer getting a mortgage needs bank approval. Why would a listing or an advertisement waste the words to emphasize something obvious. This wording does not appear in every listing, only a limited number. I think it has some specific meaning concerning the situation of the seller. The answers here suggesting that this is a pre-foreclosure situation for the buyer seem more likely to me.

pinktinkxoxo asked:


How does the bank get cash from another bank when a check is deposited? Does the bank mail the check to the bank it was written from and request cash or is it like a credit with that bank?

X X asked:


I need to know which bank in Southern California is a good bank for opening a bank account as a 17 year old. I need to be able to open the account by myself and withdraw/deposit by myself, possibly have checking and/or ATM services.
Thank you in advance!

jonoiscool2u asked:


I am hearing all sorts of things about Open Source. I am wondering if banking and financial services is embracing this and where the key innovations are.

StillWaiting asked:


My husband and I used Liberty Tax Service and had the fees deducted from our refund. However, the banking information on our return is our banking info. Does anyone REALLY know how our payment will come? Our originaly refund was DD but everyone on here is saying they’re getting theirs by paper check and some are saying they had fees deducted from their refund but still had their rebate DD. Has anyone personally used Liberty Tax Service, had their fees deducted, but received their rebate by DD?

Alan G asked:


I know that the banking system worked for almost 200 years. I am looking for changes that allowed abuses that may have lead to the current mess.

jonoiscool2u asked:


I am hearing all sorts of things about Open Source. I am wondering if banking and financial services is embracing this and where the key innovations are.

mitombo asked:


If retail banking deals with individual day-to-day customer then what does business banking involve? Are they closely interrelated?
Thank you.