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Some residents live in fear of foreclosure - Register CitizenElizabeth Jamieson is a self-employed foreclosure inspector. Usually, an inspector visits 100 homes or so per month. Last month, Jamieson inspected 200 houses. “I am the first person who finds a vacant property. It’s an eerie sight,” she said ...
OWEN CANFIELD: Root for the local guys - Register CitizenNo comments posted. A man of integrity and class that I once knew was the vice president and a key official of a small manufacturing company in Torrington. Another much younger man was the company president, which was fine with the old VP who had ...
Rigby Wins Seat in 63rd District - TriVallyCentralMr. Rigby beat Mr. Riiska in Winsted, which accounts for about 40 percent of the population of the district, 2,494 to 1,102. Mr. Riiska filed to run as a write-in after incumbent State Rep. George Wilber (D-Colebrook) resigned with only two weeks to ...
Rigby beats last-minute write-in campaign - Register CitizenIn just seven days, Norfolk attorney William O. Riiska convinced thousands of voters to write in his name for state representative in the 63rd District. But it was not enough to beat the only candidate whose name appeared on the ballot, political ...
Nader speaks about economy at local bar - TriVallyCentralWINSTED - Presidential candidate Ralph Nader proposed a comprehensive plan to restore the failing financial markets and criticized his opponents as serving corporate interests, during a stop here Friday. A consumer rights advocate since the 1960s and ...
St. Paul’s marks 40 years - Register CitizenTORRINGTON — St. Paul’s Lutheran Church celebrated their 40th anniversary on Sunday with a regular church service followed by a well-attended luncheon. The church celebrated the 40 year anniversary of the current church building, which was ...
Local banks remain a safe haven in stormy financial times - Herald And JournalJohn Forstrom, president of Security State Bank of Howard Lake, said the way independent banks do business hasn’t changed for 100 years. Roger Boyce, president of Flagship Bank Winsted, agreed. What has changed, according to Boyce, is the way in ...
Age-restricted units have potential buyers - Waterbury Republican-AmericanPlenty of people want to buy homes in age-restricted developments, but sales are slow because potential buyers are having trouble selling homes they already own. Activity at age-restricted developments across the state is strong in spite of the ...
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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