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Do you know Bismarck's Liz Hutchens? - Bismarck TribuneThe U.S. Consumer Product Safety Commission (CPSC) has issued the following safety tips (abbreviated) while snowblowing, which begs the question: "Why do we need them?" A little common sense is generally all that is needed. 1. Clear the area ...
Federal regulators shut 2 California thrifts - Bismarck TribuneWASHINGTON - Federal regulators on Friday shut down two big thrifts based in Southern California, saying they fell victim to the acute distress in the housing market in that state. The failures of Downey Savings and Loan Association, based in Newport ...
BNC Posts Quarterly Report - Yahoo FinanceBISMARCK, N.D., Nov. 17 /PRNewswire-FirstCall/ -- BNCCORP, Inc. (BNC) (Pink Sheets: BNCC - News ), reported its quarterly report for the quarter ended September 30, 2008 was posted on its website ( http://www.bnccorp.com ) on November 17, 2008. This ...
Family moves from a beach to a bean field - In-ForumGOODRICH, N.D. The Threadgolds traded a home near the beach in Southern California to one atop a soybean field near a tiny central North Dakota town. The mayor describes the town of Goodrich as dumpy. The Threadgolds view it as near-paradise. "They ...
Freezin` For a Reason - KFYR-TVHunger and Homelessness Awareness Week is wrapping up, and one group of determined students spent all last night collecting some much needed donations. As you`re about to see, neither the time nor the weather could stop them. Standing in cold ...
Latest News - dBusinessNews.comMMFX Technologies Corporation Starts Mill and Completes Institutional Funding IRVINE -- MMFX Technologies Corporation, an Irvine-based materials science company, ... SouthernLINC Wireless Gives a Little “Home” to American Troops This Holiday ...
North Dakota OKs spraying oil wastewater on roads - Ann Arbor NewsBISMARCK, N.D. (AP) — North Dakota's health department will allow salty oil field wastewater to be sprayed on roads as a deicer or for dust control even though oil companies and environmental groups have questioned the practice. The Health ...
Boom states face plain truths - Financial TimesIf there is any silver lining for consumers and manufacturers in the economic collapse, it has been the sharp fall in oil prices, that has taken some of the bite off of an otherwise dismal financial outlook. But the sudden drop in fuel costs has had ...
Wells Fargo takes part in program - Jamestown SunWells Fargo has an-nounced it has made a $250,000 equity investment in CommunityWorks North Dakota, a nonprofit organization dedicated to providing affordable housing and community development opportunities. In addition, the company will donate $5 ...
Family moves from California beach to N.D. bean field - Grand Forks HeraldGOODRICH, N.D. — The Threadgolds traded a home near the beach in Southern California to one atop a soybean field near a tiny central North Dakota town. The mayor describes the town of Goodrich as dumpy. The Threadgolds view it as near-paradise ...
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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