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Former Wolverine employees struggle - Decatur DailyTake a moment to consider your monthly expenses. There’s the utility bill, rent or mortgage, phone bill, cable bill, insurance, gasoline and groceries. Now imagine that your monthly income dropped from up to $4,000 per month to $840 a
Everymove.com Offers Home Moving Market Advertising Opportunities ... - dBusinessNews.comGH&I’s Chief Learning Officer Poised to Assume ASTD Leadership Position Jo Ann Cory is President-Elect of Atlanta Chapter of American ... The Mint Tulip De-Stresses Holiday Gift Giving with Click of a Mouse The Mint Tulip De-Stresses Holiday Gift ...
Fitch Downgrades 3 Classes of GECCMC 2001-3; Assigns Outlooks - PR InsideFitch Ratings has downgraded and assigned Rating Outlooks to the following classes of GE Commercial Mortgage pass-through certificates, series 2001-3: --$12 million class K to 'B+' from 'BB'; Outlook Negative; --$4.8 million class L to 'B-' from 'B ...
Obama tells NY Times he'd do better without Fox News around - Los Angeles Times BlogsThe New York Times, of all places, has a long interview coming out Sunday with the freshman senator from Illinois, Barack Obama. In it, the Democratic presidential nominee, who's leading in most recent political polls, still bemoans the existence of ...
Homeaid Atlanta and Decatur Cooperative Ministry Break Ground on The ... - dBusinessNews.comDECATUR, Ga. – On Nov. 6, HomeAid Atlanta hosted a groundbreaking ceremony for The Winn House renovation project, in partnership with Decatur Cooperative Ministry (DCM) and North Decatur Presbyterian Church (NDPC). The home, owned by NDPC, is ...
Lenders criticize gov't mortgage aid program - AZCentral.comATLANTA - Hundreds of lenders told federal housing officials Thursday that a $300 billion mortgage aid program requires too many losses for consumers and lenders to realistically help 400,000 Americans avoid foreclosure. "This program is extremely ...
Two iconic small businesses shut their doors - Atlanta Journal ConstitutionIt looks like the nation’s economic crisis has claimed two of Atlanta’s most iconic small businesses. On Thursday, Bob Carroll Appliance Co., a fixture in Decatur for decades, sat empty. And Happy Herman’s, a gourmet take-out joint and quick ...
Decatur street musician ‘Guitar Red’ cuts his first CD - AccessAtlantaHe’s been a fixture for years on the Decatur Square and a few other corners around town, a homeless street musician recognized for his bluesy warbles, his wide grin with the missing teeth, his insistent personality, his messy arrests for public ...
Business events scheduled for the coming month - ForbesSATURDAY, Nov. 1 ISTANBUL, Turkey - Global economic leaders and experts hold final day of discussions on economic turmoil. MONDAY, Nov. 3 NEW YORK - The Institute for Supply Management releases its manufacturing index, 10 a.m. WASHINGTON - Commerce ...
Record decline in home prices, foreclosures largely to blame - New York Daily NewsHome prices fell in four out of every five U.S. cities in the third quarter, a record spurred by distressed foreclosure sales across the country. Prices fell in 120 U.S. metropolitan areas, rose in 28 and were unchanged in four, marking a record ...

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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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