Credit risk stays with borrower in installment sales and assumed mortgages
The article explains that even when a buyer assumes payments or a third party promises to pay, the original borrower remains liable unless the creditor releases them. It notes that lenders seldom grant releases for FHA or GLA loans and highlights the enduring liability in mortgage transfers and the risks if the property declines in value. The section also references historical Kansas narratives from the Kansas Historical Quarterly.
MENTIONED IN THIS ARTICLE
John
George
Inflationary Ingratitude From a Birthday Gift
Dear Abby recounts readers’ letters about a grandson’s $25 birthday check returned with a scolding inflation driven note. The exchange exposes tensions over money expectations and family dynamics in a column mixing letters and guidance.
MENTIONED IN THIS ARTICLE
Abby
John
LBJ Seen Favorable to Business After Landslide
A nationwide survey of businessmen shows broad acceptance of Johnson and optimism about the economy. Officials expect cordial relations with the administration, with concerns about inflation and profit needs, though few expect anti trust actions to surge. Some steel executives warn government must recognize industry's profits.
MENTIONED IN THIS ARTICLE
Johnson
Franklin Roosevelt
FDR
Autumn Leaves In Mexico City Bring Dry, Witty Observations
The piece notes autumn leaves falling in Mexico City with a dry humorous tone. It compares street life, rain gods, and weather quirks to U.S. routines, mentions reform avenues shoeshine shops, overcoat weather, and odd cautions about pores and candles.
MENTIONED IN THIS ARTICLE
John Abney
Mexico City
Tlaloc
Here
U.S
Mexico
Reforma Avenue
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