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Will my house in Lodi sell before my grandkids graduate from high ... - Lodi News-SentinelEvery day, I ask myself which will happen first. Will my grandchildren, now ages 11 and nine, graduate from high school, or will I sell my Lodi house? I'm leaning ever so slightly to unloading my house. But my position shifts daily, so check back ...
Housing programs mostly unscathed in budget cuts - MetroWest Daily NewsEditor's note: This story is part of a series of reports on the impact of Gov. Deval Patrick's state budget cuts. A quick reading of Gov. Deval Patrick's $11.5 million in cuts to state housing programs can leave a reader grim. A mortgage subsidy ...
Astonishing parallels between now and 1933 - Lodi News-SentinelThere are astonishing parallels between the perils we face today and the perils the nation faced when Franklin D. Roosevelt came to office in 1933. His first action was to deliver a nearly immortal inaugural speech. This is the gist of what FDR said ...
Real-Time News - Newark Star-Ledger• Football: Millburn plays Madison during their Thanksgiving game • Football: Millburn plays Madison during their Thanksgiving game • Football: Millburn plays Madison during their Thanksgiving game They met as teenagers, finding a common bond ...
Jurors hear confession tape in Randolph murder trial - Newark Star-LedgerAfter police caught Jonathan Zarate and two teen-agers trying to dump a trunk containing a Randolph girl's beaten and dismembered body into the Passaic River in Rutherford, Zarate told an investigator he had found his next-door neighbor dead. "I ...
Upside-down on mortgage: Now what? - Lodi News-SentinelQ: My husband and I live in a house that I own on my own. I paid $500,000 for the house in 2005. I took out a 100 percent loan with a 5-year fixed-rate first mortgage for $400,000 and an adjustable $100,000 home equity line of credit as the second ...
Lodi's annual Home and Garden show returns bigger than ever - Lodi News-SentinelThe Lodi Home and Garden Show is making it's 11th appearance at the Lodi Grape Festival Grounds this weekend, and show coordinators promise it's going to be the biggest yet. More of this story... A Better Insulation Company A.C.T. Retractable Screens ...
More Business - San Francisco GateHis remarks come when the public is wondering why a $700 billion rescue plan hasn't done more to ease the credit crisis that has followed the housing bust. About $125 billion already has been pumped into the nation's largest financial institutions to ...
View From Stockton As "Stuff" Hits The Fan (nie) And Freddie - CNBCThe federal rescue of Fannie and Freddie is just one sign we aren’t at the bottom of the housing mess yet. Other signs are all over Stockton, California. First dubbed “The Foreclosure Capital of America” a year ago, I came back this month ...
U.S. attorney leaving for Orrick law firm - Sacramento Business JournalThe Sacramento office of Orrick Herrington & Sutcliffe LLP has snagged U.S. Attorney McGregor Scott for its own when he steps down from the federal job in January. Scott, 45, will start a white collar crime practice for the firm in Sacramento ...
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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