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SouthCoast leaders cautious but bullish - South Coast Today
Loading... As the nation careens into 2009, unsure of its direction and told at every turn to expect more bad news, SouthCoast leaders are taking a "we're all in this together" attitude, confident that things are going to get better and that we have ...

Fil-Ams weigh in on prospects for 2009 - Global Nation
Guarded optimism best describes the way Filipino-Americans, interviewed by FilAm Star across the country, look at 2009, shaped mainly by the raging economic crisis and the promise of hope the Obama presidency professes to deliver. Despite the ...

Free downtown parking set to expire - Citizen's Voice
Say goodbye to free parking. Wilkes-Barre’s holiday amnesty for thrifty parkers expires Saturday, when regular parking meter fees will be enforced. The month-long program, which offered free parking at city meters after noon on streets bounded by ...

Aurora propery violations announced - Beacon News
The city of Aurora has filed the following property maintenance violation cases, which have been closed through the housing court system. Exterior and Interior Maintenance Violations: At a single-unit rental at 136 Evans Ave., owned by John Lamberti ...

Real Estate Transactions - Charleston Post & Courier
The transactions listed below include properties sold for $200,000 or more and recorded Nov. 10-14. McAlister Togant Kiawah LLC sold 6005 Green Dolphin Way, The Maritime at Kiawah to Robert A. and Bette T. Kennedy for $2.4 million. Mount Pleasant ...

Sea Ray plant closing; at least 275 jobs being cut - Knoxville News Sentinel
Brunswick Corp. is closing its Riverview boat manufacturing plant in the Forks of the River Industrial Park in East Knox County, the company said today. The plant will stop making Sea Ray boats in the first quarter with production moved to other ...

Beaufort Realtors: Housing market at bottom here, elsewhere - Beaufort Gazette
The state of the real estate market in northern Beaufort County depends on the type of property for sale and on one's perspective, according to two area Realtors. "Beaufort is kind of a unique market," said Everett Ballenger, an agent at Keller ...

Register for FREE - Wall Street Journal
Please register to gain free access to WSJ tools. An account already exists for the email address entered. New York Times columnist David Brooks took a nice stroll today through the Wall Street and corporate donors to Barack Obama’s campaign. Then ...

Lathrop Chevron office for marketing, emergency operations - Manteca Bulletin
LATHROP — TCN Properties has six months to complete the improvements of the portion of Golden Valley Parkway between Towne Centre Drive and Brookhurst at Mossdale Landing. That was the first key element in the agreement between the city and the ...

Disaster a common theme of top local headlines of 2008 - Charles City Press
To call 2008 the ‘Year of Disasters’ in Floyd County may be seen by some as sensationalism, but after looking at the top 10 news stories from the Charles City Press coverage area these past 12 months,  it’s hard to refute. From a brutal winter ...

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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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