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News about Mortgages:
Commercial property transfers - Louisville Courier-Journal• Dabs Investments LLC to White Truffle LLC, 122 Sears Ave., 40207, $1,125,000. • DADD Management Co. Inc. to Feeders Supply Co. Inc., 315 Baxter Ave., 40204, $1,100,000. • Greg A. and Lori S. Marks to Amos Martin Construction Co. Inc., 209 ...
2008 (2665) - Dakota Voice► January 16 - January 23 (1) You don't see this kind of courage in a lot of adults, much less a 6-year old. From the Atlanta Journal-Constitution and ABC News comes word of a young boy who rescued his 5-year old friend from drowning. Josiah, who ...
Internet predator arrested - Cleburne County Sun-TimesAnother Internet predator is off the streets, according to the Cleburne County Sheriff's Department. Gary Wilson Brown, 49, of Little Rock, was arrested at his home Saturday by deputies with the Cleburne County Sheriff's Department in conjunction ...
Cows the size of ponies - High Springs HeraldHIGH SPRINGS -- Mary Lois Forrester is a petite woman with a deep Southern drawl and more stories than she could ever write down, try as she may. Names of people she went to school with nearly 80 years ago -- along with who they later married, how ...
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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