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N.J. spending $64M to respond to foreclosure surge - Asbury Park Press
SAYREVILLE — Aiming to stop the hemorrhaging of homes going into foreclosure, Gov. Jon S. Corzine signed legislation Monday that directs $64 million in state and federal funding to foreclosure prevention and neighborhood stabilization efforts in ...

East Haddam - Hartford Courant
The Rathbun Free Memorial Library will host a display and silent auction of donated Christmas trees, wreaths and holiday exhibits. All proceeds from the event — organized by the East Haddam Community Lions — are to benefit local emergency ...

Gov signs bill to slow glut of foreclosures - Asbury Park Press
SAYREVILLE — Aiming to stop the hemorrhaging of homes going into foreclosure, Gov. Jon S. Corzine signed legislation Monday that directs $64 million in state and federal funding to foreclosure prevention and neighborhood stabilization efforts in ...

N.J. to spread $60M in foreclosure prevention funds - Philadelphia Business Journal
New Jersey Gov. Jon S. Corzine signed legislation on Monday that allocates $12.5 million in state funds and about $51.4 million in federal funds for foreclosure prevention assistance. Under the legislation, the Department of Community Affairs will ...

Corzine aims $64M at housing stabilization - Daily Journal
SAYREVILLE --Aiming to stop the hemorrhaging of homes going into foreclosure, Gov. Jon S. Corzine signed legislation Monday that directs $64 million in state and federal funding to foreclosure prevention and neighborhood stabilization efforts in New ...

Beacon Santa warms a chilly holiday season - Bedford Minuteman
No one wants to be unemployed, under-employed, under-paid or out on medical disability. But those things do happen. When those events strike a family, what little money is coming in to the house has to be spent on essentials. Heat, mortgage payments ...

Central Jersey homes become even more affordable - MyCentralJersey.com
In August, the statistics showed that home prices had leveled off, and that it was an opportune time to buy a home. But then the economy went into a tailspin in October, and New Jersey home-sale contracts slowed to 28 percent fewer than October 2007 ...

$155M in stimulus bills head to Corzine - Courier-Post
TRENTON — More than a half-dozen economic stimulus bills are headed to Gov. Jon S. Corzine for his likely signature after receiving Senate approval Monday. The seven measures, which advanced out of the Assembly earlier this fall session, would let ...

Affordable Housing in Massachusetts Gets $10.2 Million Infusion - Earthtimes
BOSTON , Nov. 26 /PRNewswire/ -- The Federal Home Loan Bank of Boston (the Bank) awarded more than $10.2 million as grants, loans, and subsidies to fund 390 units of affordable rental and ownership housing in seven Massachusetts communities. Of that ...

Jurors hear confession tape in Randolph murder trial - Newark Star-Ledger
After police caught Jonathan Zarate and two teen-agers trying to dump a trunk containing a Randolph girl's beaten and dismembered body into the Passaic River in Rutherford, Zarate told an investigator he had found his next-door neighbor dead. "I ...

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Today's Mortgage Terms starting with S

  • Second Mortgage: An additional mortgage that has rights that are secondary to the first mortgage.
  • Seller’s Market: Market conditions that are favorable to sellers. There are more buyers than properties available for sale. The buyers may be forced to compete and pay more for the same property.
  • Settlement Costs: Money paid by the borrowers and sellers to complete the closing of a mortgage.
  • Settlement Cost (HUD Guide): HUD publishes a booklet that gives an overview of the lending process and is given to consumers after completing their loan application.
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