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News about Mortgages:
Vibrant to Vacant: Foreclosures drain community - East Valley TribuneDora Gamez, a resident of The Village at Copper Basin in Pinal County talks about her husband having to leave the state to get work to help pay the mortgage on their home. The mortgage crisis is emptying out East Sierrita Road. Families are leaving ...
Well-planned Pleasanton now a sought-after city - San Francisco GateIf the city of Pleasanton - approximately 65,000 people residing on 21.7 square miles of land located about 25 miles east of Oakland in the Amador/Livermore Valley - were somehow miraculously transformed into a person, she would, by all accounts ...
Looking Back Part 2: 2008 ended on good note - Wahoo NewsASHLAND - In 2008, Ashland and the surrounding communities saw their share of triumphs and tragedy. The second half of the year began with more news on the closing of a local grain elevator and with the annual Stir-Up celebration that livened the ...
Gaston County's housing market down in price, sales - Gaston GazetteThe median price for residential property sold in Gaston County decreased 18.5 percent in November and 11 percent in October compared to the same months in 2007, according to Gaston Real Data. On average, the monthly median home price decreased about ...
Obama bringing renewed interest to Hawaii - Honolulu Star-BulletinVoters are hoping that President-elect Barack Obama will bring change to the United States. Hawaii's lead visitor industry is hoping he also will bring business to the islands. Tourism in the isles is facing significant challenges due to the mortgage ...
Living large in a small space - The StateLiving in a 325-square-foot studio apartment doesn’t have to cramp your style — and Matt Melis is proof of that. Melis, 28, has painted the walls of his $700-a-month apartment in Los Angeles’ hip Silver Lake district in light hues of blue ...
Africa: Dark Clouds and Several Surprising Silver Linings - AllAfrica.comJohannesburg — AL-QAEDA had better hurry up if it wants to bring about the destruction of the west before the west implodes. The end-timers, waving Nostradamus or the Book of Revelation, predict the final signs of imminent Armageddon. Top ...
Final sermon for Rev. Otis Moss Jr. - Cleveland Plain DealerJan. 1: Former Benedictine High School coach Augie Bossu , who led football and baseball teams at the school from 1953-2006, dies at 91. The FBI resumes its search for the mysterious "D.B. Cooper" who hijacked an airliner in 1971, then parachuted ...
2008, alphabetized - Baltimore SunA FGHANISTAN - The country, the conflict, the casualties overtook Iraq as the war on everyone's mind this year. With the death toll among Americans rising at an alarming rate and the Taliban forces resurgent, a question keeps repeating: How do we win ...
Janet Street-Porter: The seasonal advice you can safely ignore - The IndependentNothing is more guaranteed to ruin the festive mood than the mention of New Year Resolutions. This time around, there's the added irritation of celebrity chefs, pop stars, dress designers and economic experts all dishing out advice about how to cope ...
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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