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Request is a sign of tough times - Herald NewsAfter working for 25 years in the construction business, carpenter Chuck Wienke thought he was all set in his career. But there is no such thing these days as the economy tumbles and twists and shakes Americans loose from homes and jobs they thought ...
Locally owned banks are booming - Herald NewsFirst Community Bank of Joliet stayed out of the subprime home loan business when it was all the rage a few years ago. "They didn't make sense to us," said George Barr, who is chairman of the bank's holding company, First Community Partners. "We ...
Today's Mortgage Terms starting with N
Notice of Default: A step in the foreclosure process in which the lender formally informs the court that the borrower is in late in payments.
Non-Assumption Clause: A provision in a mortgage contract preventing the assumption of the mortgage by another borrower without the lenders permission.
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