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Sign up for text alerts - Pocono RecordA six-year-old private civil suit alleging a conspiracy to sell Poconos homes at fraudulently inflated values could go to trial next spring, following a federal judge's rejection of a bank's motion to dismiss them as a defendant. U.S. District Judge ...
Foreclosure help to the rescue - Florida Times-UnionAs the housing crisis deepens, money and programs to fight foreclosures are beginning to trickle down to homeowners in Jacksonville. Government and charitable services are expanding locally, helping hundreds more people. Advocates say it's not nearly ...
BUSINESS LICENSES CHESTERFIELD - Richmond Times-DispatchThe following are recently issued business licenses in Chesterfield County. All Clean Plus (personal service); licensee same, 9002 Highgate Hill Drive, Chesterfield 23832-2493. R. Bell General Contracting (contractor); licensee Russell L. Bell, 4508 ...
Felton's career-high 31 lead Bobcats in OT - FOX NewsINDIANAPOLIS — Raymond Felton tied a career high with 31 points and the Charlotte Bobcats beat the Indiana Pacers 115-108 in overtime on Friday night. Jason Richardson finished with 21 points, D.J. Augustin scored 17 and Gerald Wallace added 16 ...
Real estate transactions - Marion Chronicle-TribuneThe following is a list of real estate transfers collected from the Grant County Courthouse. Purchase prices are not available in Indiana and, therefore, are not listed with the transaction. Nov. 18 through Nov. 24 Anthony Hawkins to Destiny Guerrero ...
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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