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Semanko in arrears on mortgage - Idaho StatesmanIdaho Republican Chairman and Eagle City Councilman Norm Semanko says he has made arrangements to pay off a delinquent mortgage. A legal notice announcing a March 13 trustee's sale of Semanko's home appeared in the Statesman last week and is being ...
Deals still get done at Drake's Coq d'Or - Crain's Chicago BusinessA multimillion-dollar deal between Elmhurst-based Mortgage Direct and National City Bank, of Ohio, closed last week in the secluded executive room at the Coq d'Or — the Drake Hotel's restaurant and lounge whose name means golden cockerel (a young ...
Updated 10/28: Elmhurst respite facility for seniors will close Nov ... - Arlington Heights PostThe closing of the Suzanne W. Knuepfer Guest House in Elmhurst is being attributed to a changing approach to senior care. The facility has provided respite services to seniors for nearly a decade. Seniors stay in the house for up to two weeks when ...
Elmhurst respite facility for seniors will close Nov. 30 - Batavia SunThe closing of the Suzanne W. Knuepfer Guest House in Elmhurst is being attributed to a changing approach to senior care. The facility has provided respite services to seniors for almost a decade. Seniors stay in the house for up to two weeks when ...
Where's our rebate? Families counting on check to make ends meet fume - New York Daily NewsBrooklyn homeowner Jade Munday - with kids Isabella (l.), 3, and Jessica, 6 - feels pinch without rebate. Sisters Rosalyn Lipsky and Mildred Corwin planned to paint the hallways in their two-family house in Mill Basin , Brooklyn . That's been ...
Gioia Protests Janitor Firings At Queens DOE Building - Western Queens GazetteCity Councilmember Eric Gioia (l.) this past Wednesday joined members and officers of Local 32BJ, the largest property service union in the country, to protest firing of 12 office cleaners at city Department of Education Queens headquarters at 44-36 ...
UC Raises, Loses Fortune - East Bay ExpressCal officials have been feverishly begging rich alumni for money in the last few months, launching a massive new fundraising campaign. And if the initial numbers are any indication, it seems to have worked. In the last few months, fundraisers have ...
Oakland seeking housing recovery dollars to address foreclosures - Inside Bay AreaWith the 10th-highest foreclosure rate in the nation, Oakland has demonstrated that it's in pretty bad shape. The next challenge will be meeting deadlines to prove why the city needs the most help. The Federal Housing and Economic Recovery Act ...
Toyota Scion dealership preparing for opening in Oakland - Inside Bay AreaOAKLAND — Despite the downturn in the economy, the second largest Toyota Scion dealership in Northern California will open in Oakland in time for the holidays. Starting the first week of December, the new 200,000-square-foot facility officially ...
Elburn ready to boom - Business LedgerFar-west Elburn is ready for the growth that is its future but wants to hold on to its unique small-town character as well. The community of 5,000 centered around State Routes 47 and 38 may well be able to do so. While rapid development can damage ...
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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