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Roof caves in on new housing - Maine Sunday Telegram
Fewer new homes will be built in southern Maine this year than any time since at least 1991, figures show. From January through Nov. 15, builders took out 841 permits in the 38 communities tracked by Construction Data New England. That's roughly a ...

Windham (Windham, Connecticut) - Hartford Courant
Cyncy Abel laughs when talking about how her quality of life has improved since she and her husband, Mike, got a reverse mortgage on their Old Saybrook home. The reverse mortgage allowed her to retire from her full-time job so that she's able to work

Reverse Mortgages Provide Valuable Tool For Seniors - Hartford Courant
Cyncy Abel laughs when talking about how her quality of life has improved since she and her husband, Mike, got a reverse mortgage on their Old Saybrook home. The reverse mortgage allowed her to retire from her full-time job so that she's able to work ...

Conservative Democrat Eyes Conservative District - NHPR
State Senate District 19 includes the towns of Derry, Hampstead and Windham and is one of the state’s most conservative districts. Despite the numbers, Democrats believe economist Daphne Kenyon has a chance to upset incumbent Republican Senator Bob ...

Bankruptcies & Foreclosures - The Ledger
The following businesses or individuals filed bankruptcy petitions in the U.S. Bankruptcy court in Tampa from Sept. 25-Nov. 12, 2008. Chapter 7 filings are for companies and/or individuals whose assets are being liquidated to pay creditors; Chapter ...

Global stocks soar on U.S. plan - MSN UK News
NEW YORK (Reuters) - The U.S. dollar and global stocks rallied on Friday as news of a sweeping U.S. government plan to halt widespread turmoil in capital markets bolstered investor confidence and sent safe-haven bets sharply lower. The rally, spurred ...

US STOCKS-Futures flat; Lehman buyout news, data awaited - Guardian Unlimited
NEW YORK, Sept 12 (Reuters) - U.S. stock index futures were little changed on Friday as investors awaited news on the fate of Lehman Brothers after a slide in its stock this week heightened fears over whether the investment bank can survive. Bank of ...

Daily Report - Baton Rouge Business Report
Barack Obama came up a big winner in the presidential race in Dixville Notch and Hart's Location, N.H., where tradition of having the first Election Day ballots tallied lives on. Democrat Obama defeated Republican John McCain by a count of 15 to 6 in ...

Southern N.H. housing starts sink to record lows - Eagle-Tribune
The number of new homes being built in Salem has hit a 30-year low. The weakening economy and the sluggish housing market are to blame for the drop in housing starts, said Salem Planning Director Ross Moldoff and other local planning directors. In ...

Commercial deed transfers from Nov. 3-30, 2008, edition - Star-Banner
GPT Properties LLC to E.W. Cates Jr. Marion County: $4,000,000. On Top of the World Communities Inc. to Joseph Godbout. Candler Hills East: $166,000. Pulte Home Corp. to David Dunn. Cimarron: $187,935. James Estes to U.S. Bank NA Trust. Country ...

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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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