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2.5m Norfolk drugs family jailed - Evening News NorwichA family who were behind one of the biggest money laundering operations ever uncovered by Norfolk police have been jailed for their part in a £2.5m drugs empire. The six had all been at the centre of a massive drugs operation growing cannabis at two ...
UPDATE 1-US mortgage applications dipped before Fed move-MBA - ReutersNEW YORK, Jan 7 (Reuters) - Applications for U.S. residential mortgages slipped from a five-year last week as homeowners delayed refinancing ahead of expected federal action to lower housing costs, an industry group said on Wednesday. The Mortgage ...
UPDATE 1-New York Fed starts buying agency MBS - ReutersNEW YORK, Jan 5 (Reuters) - The New York Federal Reserve started an effort to drive down mortgage costs on Monday by buying fixed-rate mortgage-backed securities guaranteed by Fannie Mae, Freddie Mac and Ginnie Mae, the bank said. Mortgage rates ...
Family gets more time to leave foreclosed property - Fosters Daily DemocratLEBANON, Maine — Suzanne Carter was given five additional days to move out of her home, just hours before she was going to be locked out Wednesday. The 14-year resident of 728 Upper Guinea Road had been ordered to vacate her property, where she ...
Comments are listed in order posted - Austin ChronicleBelieve it or not, a country can not survive with 1% of the population having all the money. And for the first time in history, that 1% has the weapons (and brainwashed soldiers)to keep it this way. 01-01-2009 Dear Editor, Interesting turn of events ...
Habitat provides shelter for families - News-StarLynn Sherman and her four sons — Justin, Tony, Jasper and Jacquis — will receive a January Christmas present which Sherman says will represent peace and harmony for her family. Sherman and her family are the recipients of a new home, courtesy of ...
Displaced family of 9 grateful for outpouring of good wishes - Times ReporterThe Decker family, together in their rented house at Dellroy, includes children Mary-Elizabeth (seated, L), Rebecca-Lynn, Jan, Nicholas, Jonathan, Jason Jr. and Charles. Mom Amber-Leigh and dad Jason hold a sign that says “Thank You! May God Bless ...
The Top 10 Reasons Why Bush is a Crook. - OpEdNews.com"No-one could have seen the collapse coming," says Bush, and a servile media has carried the lie. Bush presides over a criminal corporate class and does their bidding and this is why the current US financial collapse has occurred. There has been a ...
Police standoff ends at Georgia motel - Buffalo NewsA standoff is over at a Georgia motel where a former police officer had been holding an infant and two other people hostage. An FBI spokesman said 25-year-old David Dietz surrendered at about 9:15 a.m. Monday after the overnight standoff about 60 ...
To the man cave! - Altoona Mirror- Take some time to walk through the space and visualize what you want your man cave to look like. - Pick an object (pool table, jukebox, picture) that you like and will make part of the room as your inspiration in choosing the overall look and color ...
Today's Mortgage Terms starting with B
Bankruptcy: A legal procedure in a federal court to relieve certain debts of a person or a business that is no longer able to pay its debts. Chapter 7 bankruptcy removes all debts. Chapter 13 lets a borrower with and income to pay bills off over a set period of time.
Bearer: The legal owner of a property.
Bill of Sale: A document that details the transfer of property.
Biweekly Mortgage: A mortgage with payments due every two weeks, totaling 26 payments a year, two payments more than a mortgage with monthly payments. The two extra payments lowers significantly the interest paid over the life of the mortgage.
Blanket Mortgage: A mortgage that includes more than one piece of real estate
Borrower (Mortgager): An individual who makes an application for and receives funds in the form of a loan and is obligated to repay the loan in full under the conditions of the loan.
Broker: An individual who gets buyers and sellers together and helps in negotiating contracts for a client.
Buy-Down Mortgage: A mortgage loan with a lower than market rate for a determined period of time.
Buyer’s Market: Market conditions that favor buyers. When there are more properties for sale than buyers, sellers may be forced to provide price discounts to close the transaction.
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