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Sniper from first Gulf War needed help - Peninsula Daily News
PORT TOWNSEND -- Clay Neideigh is a quiet, gentle man who knows what it's like to live in harm's way. He also knows what it is like to scramble to provide a secure environment for his children. He was an Army sniper in the Middle East during the ...

Live text: Pre-Budget report - BBC News
1625 BBC political correspondent Iain Watson: The chancellor ended there on a highly political note - the pressure is now on his opposite number to sound statesman-like and political at the same time. 1626 Shadow chancellor George Osborne is ...

Meet Britain's biggest gigaholic - BBC News
After more than 5,000 gigs over 35 years, rock fan Ray Morrissey can claim to be Britain's most prolific concert-goer. On piles of notebook pages in Mr Morrissey's front room, thousands of gigs are listed, one per line, all with a mark out of 10 ...

Council sends bulldozers into wrong house - Daily Telegraph
She went on holiday for a week and returned to find that workmen had already begun tearing down her house and had gutted the ground floor. There was only one slight problem - they were ripping down the wrong one. Following an administrative mix-up ...

House price recovery 'could take ten years' - Times Online
Homeowners will have to wait a decade before property prices return to 2007 levels, a leading estate agent said yesterday. Average house prices are tumbling at a rate of £78 a day and are set to fall in total by 16 per cent this year and 11 per cent ...

50,000 estate agents face axe in next nine months - Daily Mail
Experts have warned that up to 50,000 estate agents may lose their jobs in the next year As many as 50,000 estate agents could lose their jobs by next Autumn because of the worsening economic crisis, experts today warned. Economists said the collapse ...

Homeowners turning to extremes - Traverse City Record-Eagle
NEW YORK (AP) -- Frustrated as her house languished on the market for three straight summers, J.J. Rodgers is trying a new sales tactic: giving the two-story home away in an essay contest. Already, she's received more than 500 entries -- each essay ...

Santa Brown's great Christmas giveaway - Times Online
They can't give it away. So bad is the economic situation that the Government will have to admit next week that it cannot stimulate the economy by fast-tracking great capital projects. So complex are the systems now, so unwieldy the planning process ...

Gordon Brown to cut Vat as winter recession bites - Times Online
Cuts in Vat are to form a key plank of Gordon Brown’s emergency economic rescue package to be unveiled tomorrow. The temporary reduction in sales tax, currently at 17.5%, will be one of a range of measures designed to stimulate consumer spending ...

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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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