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Is the Ride Over? - World Screen NewsBack in August of 2008, award-winning producer Effie T. Brown seemed on the verge of getting a $10-million loan for a slate of three films. “I had a deal with a lender and everything was great,” she recalls. “I had great talent and they loved ...
THE DEVIN'S ADVOCATE: SHAQ ON TWITTER IS THE BEST THING SINCE KAZAAM - Chud.comI'm cycling through websites and cable news channels like a man with extreme OCD issues. The election is consuming me, eating up most of my brain activity. Sitting through both parts of Steven Soderbergh's Che this weekend, I couldn't help seeing the ...
RBS shares drop below £1 as banking sector falls sharply - HeraldShares in Royal Bank of Scotland tumbled today as speculation over its funding position deepened during another day of market turmoil. The bank's stock slumped 40% at one point amid reports boss Sir Fred Goodwin and his rival bosses at Barclays and ...
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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