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Specialty stores offer a bright spot for retail - Democrat and ChronicleThe 2008 holiday shopping season may be one of the most challenging for retailers. Nationwide, many retailers already have rolled out pre-holiday sales and special promotions to put consumers into a spending mood and try to meet or beat a modest ...
Rochester Real Estate Market Stable - 13 WHAM(Pittsford, N.Y.) -- While the bottom has dropped out of the real estate market in many large metropolitan areas, property owners and realtors say the housing market in Rochester remains stable. John Antetomaso, president of the Greater Rochester ...
Regional companies seek investors' interest at conference - Democrat and ChronicleMost of the time as head of Veramark Technologies Inc., Tony Mazzullo is involved in the business of selling software and services that help companies cut their phone bills. But last week in a hotel conference room in a Buffalo suburb, the CEO of the ...
Downtown changes: New lofts, $1.9M hotel improvement - Democrat and ChronicleEven before Renaissance Square and PAETEC Holding Corp. arrive downtown, there are changes coming. One is at the Clarion Riverside Hotel. The hotel, owned by SGP Associates LLC, is planning to change its name to the Radisson Riverside and embark on a ...
Medical tech challenges families of wounded - Army TimesHarold and Mary Mowl were shocked by what they saw when they first visited their son, Kevin, in the intensive care unit at National Naval Medical Center in Bethesda, Md. A 150-pound bomb had exploded under Kevin’s vehicle in Baghdad on Aug. 2, 2007 ...
Yesterday's News for January 2001 - Westside News•Pearce Memorial Church of North Chili was offering for sale $150,000 in Trust Bonds yielding 5.5% annual interest to help fund the construction of their new building. •Construction began at the Lyell Avenue site of the Spencerport Ambulance. The ...
Canon U.S.A. Adds LPGA's Michelle McGann To Canon4Kids - CSR Wire(CSRwire) Lake Success, New York – Golfer Michelle McGann, a seven-time winner on the Ladies Professional Golf Association (LPGA) Tour, is participating in Canon4Kids, the program created by Canon U.S.A. that seeks to help locate missing children ...
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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