Freeze That Abstract!

Many banks have stopped putting in safety deposit boxes.  I myself bought a very large safe and I can put everything I feel I want to protect in there.  all my backup software is in there

Bob "RealMan" Timm Banks are only focusing on profits today. Safe deposit boxes take up too much room and do not generate revenue. Watch, once some genius at a bank discovers that they can gain an edge by offering SDB's again, they will make full circle and they will all be offering them.

Bob,

What an interesting story about putting documents in freezer bags!  I think that Sandy Padula and Norm Padula, JD, GRI made a good point that safety deposit boxes take up square footage with very little return.  A

Bob- how very interesting! I remember having one for years but we opted for a safe as well. That said, off site storage should be considered for some items at least as a dual backup.

RealMan, It may not burn but it could be stolen or get wet. A home safe is a better bet.

hi Bob "RealMan" Timm,  I would rather have the bank vault.

Abstracts are very cool to look at - looking back into the early 1850's when land was granted in my part of the frozen north.  They are quickly becoming a thing of the past as title companies don't really need them to do their job and people losing track of them. 

I have a sister who lived in Alaska for 27 years.  I will never forget she and her husband bought silver bullion in the late 1979.  They buried it on a corner of their land.  However, permafrost set in that winter, and they couldn't get to it until summer of 1980.  Alas, Silver crashed in January of that year, and the value was about half by the time my sister was able to get to it!  Here's a story about Silver Thursday.

https://en.wikipedia.org/wiki/Silver_Thursday

 CONGRATULATIONS Bob, on having this blog FEATURED in the Feather Nesters group! 

Hey, Bob!  Who knew about the freezer thing!  I think my bank still has safe deposit boxes.  I'm old fashioned enough to think that's a good thing.

Right next to the frozen bat, right? I think we have a leftover bat in our freezer that neither of us want to touch. We kept it in case our cat got rabies, LOL. Actually, I was not aware that banks no longer offered safe deposit boxes. Are we supposed to stuff our mattresses with cash now too?

Bob "RealMan" Timm This post is an eye opener about banks and Safe Deposit Boxes.  Just cracked up reading the comments back & forth especially the frozen bat comment by Elizabeth Weintraub Sacramento Real Estate Agent, Top 1% of Lyon Agents 

I've never had the need for a safety deposity box.....not sure what I would freeze either, but not such a bad idea.

Bob "RealMan" Timm  I have heard this before for hiding money have seen it in movies but not for documents ...