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Planned Elk Run buy canceled - Post-BulletinPINE ISLAND -- Developers of the Elk Run biobusiness project are returning a piece of Pine Island farmland to its former owners due to a legal snafu. In January 2007, Tower Investments LLC entered into a purchase agreement with Elmer and Judy Stock ...
Clerk charged in theft at Wilson Farms store - Buffalo NewsNIAGARA FALLS — A convenience store clerk charged with pocketing $1,800 in cash from her register in November and December, by voiding customer receipts and keeping the cash, told city police she did it to feed her family. Melissa K. Watson, 23, of ...
Top 10 news stories for 2008 - Harrison Daily TimesIn fact, he was so “out of it” that he drove his pickup without headlights the wrong way on Interstate 530 near Pine Bluff and plowed head-on into a car driven by Althea Crapps, 50, of Omaha, and carrying her grandchildren, Jada Crapps, 9, Hunter ...
New businesses - Providence JournalADAM AARON KALIDA, LLC: M: Agna N. Khan, 218 Union Ave., Providence 02909. A: Mehdmood Qureshi, 218 Union Ave., Providence 02909. Ferguson & Shamamian Architects, LLP: A: Ct Corp. System, 10 Weybosset St., Providence 02903. Architecture. RI Widget ...
Fourth bank begins foreclosure against Hamilton - Rapid City JournalA fourth bank has begun foreclosure actions against Rapid City businessman Doug Hamilton. BankWest claims Hamilton and numerous corporations and partnerships he controlled defaulted on nearly $8 million in mortgages, according to court documents ...
Hard times haven't dealt bad hand to "sin industries" - Seattle TimesBrandon Eng stocks shelves at Washington State Liquor Store No. 28 on 12th Avenue and East Pine Street. He's a Seattle University graduate interested in a career in journalism, but he is working here because he considers it a safe industry in these ...
Top 10 Stories in 2008 - White Lake BeaconThe ROTHBURY Festival came and went so fast that driving by the Double JJ Ranch and Resort weeks after the July Fourth weekend event, one may never have guessed that it had actually occurred. The planning for what would become West Michigan’s ...
Economy makes top news for 2008 - Carteret County NewsMOREHEAD CITY — Carteret may be a coastal county, but for another year it’s proven it doesn’t need a hurricane to make headline news. Instead of storms, wind turbines, happenings at the N.C. Maritime Museum, plane crashes, condo fires and more ...
Irkutsk Region - KommersantIrkutsk Region is located in the southern part of Eastern Siberia in the upper basins of the Lower (Nizhnyaya) Tunguska, Angara, and Lena rivers. Lake Baikal is located in the southeastern part of the region. Irkutsk Region has a total area of 775 ...
Today's Mortgage Terms starting with C
Cash To Close: Liquid assets that are available on hand for payment of closing costs involved in the processing of a mortgage transaction.
Closing: The completion of a real estate transaction. The closing includes the delivery of a deed, financial adjustments, signing of notes and disbursement of funds required to finalize the sale and loan transaction.
Closing Costs: Fees generally paid by the borrower in relation to the closing of a mortgage loan.
Collateral: Property pledged as security for a debt.
Conforming Loan: Conventional home mortgages eligible for sale and delivery to either the Federal National Mortgage Association (FNMA) or the Federal Home Loan Mortgage Corporation (FHLMC). These agencies generally buys first mortgages up to loan amounts approved by Congressional directive.
Conventional Loan: Loans that are not part of any government housing program, free of any restrictions of government insured housing programs, such as loan size limits.
Conversion Clause: A feature in certain ARMs that gives you the option to convert the variable rate loan to a fixed-rate loan, usually after the first adjustment period. The new fixed rate will be set at current rates and there could be a fee for the conversion feature.
Convertible ARM: A type of ARM loan that can be converted to a fixed-rate loan after a certain time period.
Covenant: A clause in a contract that obligates or restricts the parties and if broken, can result in a legal action.
Credit Bureau: It is a clearinghouse for credit history information.
Credit Report: A report containing a detailed credit history of an individual.
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