re: As the Capstone Crumbles *Updated* Aaron Suttles responds

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Also, from 247 sports:

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I used to run titles for a living. It is not at all uncommon for banks to neglect to release mortgages that are paid off, sometimes for years, especially when it is just a raw payoff, as opposed to a refinance. In the latter case, the new mortgagee sees to it that the old mortgage is released; in the former, the borrower just assumes the bank will release the mortgage, but the responsibility for actually doing that usually falls to the lowest clerk or secretary in the bank.

In other words, the date the debt is paid in full and the date the bank signs the release is sometimes separated by many years. In one case I handled the bank had failed many years back and we had a devil of a time clearing the title.

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