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Durango passes inclusionary zoning law - Steamboat Pilot & TodayDurango — The Durango City Council adopted its first official affordable-housing policy Tuesday night by passing the Fair Share Housing inclusionary zoning regulations by a 3-2 vote. Councilors Michael Rendon, Scott Graham and Leigh Meigs voted in ...
Deed transfers for the Dec. 1-28 edition - Star-BannerWarranty deed transfers in excess of $80,000 involving businesses as recorded at the Marion County Clerk of the Circuit Court's office from Sept. 29-Oct. 24. Compiled by Darrell G. Riley: Oct. 20-24: Steven Dube to S & S Group LLC. Marion County: $98 ...
FORECLOSURE: for 22 months, Nevadans have faced worst of national ... - Reno GazetteShelly Griese hates to move. But in the last four months, the 47-year-old Reno resident found herself doing exactly that. Twice. Packing boxes on a clear November afternoon, a tired and dejected Griese expressed disbelief on how quickly her life has ...
Sponsored by: - Reno GazetteAs of Nov. 4, bank-owned properties and short sales comprised 45 percent of the Reno-Sparks market, said CalNeva Realty owner Mitch Argon, who regularly publishes a report on local foreclosure inventory on his Web site FreeNevadaMove.com. Bank-owned ...
From small town to boom town - Austin American-StatesmanAt least one area in Central Texas is thriving these days despite the real estate slowdown: Liberty Hill, the small town just north of Cedar Park and Leander. In fact, Liberty Hill is in the only real estate zone in Travis, Williamson, Bastrop and ...
Weep for Woolies - bbcThe manner of Woolworth's demise as a going concern was almost as shocking as the fact of its collapse into administration. Although Woolworth had been one of the UK's weaker retailers for years - propped up by a decade of benign, debt-fuelled ...
LATEST POLITICS VIDEOS - CNBCInsight on the state of states, with Gov. Mark Sanford, (R-SC); Gov. Jim Doyle, (D-WI); and CNBC's Larry Kudlow. [ FRE Loading... ( ) ] together hold or back half of the nation's mortgage debt, and have played an increasingly important ...
NASCAR waves red flag amid ailing economy - FOXSports.comWith financial firestorms clouding the world economy, the money problems in NASCAR are so dire that Teresa Earnhardt has agreed to merge Dale Earnhardt Inc. with Chip Ganassi Racing. The move last week came a year after she rejected stepson Dale ...
More battleground than common ground in House District 9 race - St. Petersburg TimesIncumbent Republican U.S. Rep. Gus Bilirakis and his Democrat opponent, William "Bill'' Mitchell, both are lawyers passionate about veterans' affairs. But that's pretty much where their similarities end. The two disagree on nearly every major issue ...
Lehman Good-for-Retirement Notes Worth Pennies for UBS Clients - BloombergNov. 3 (Bloomberg) -- UBS AG, Switzerland's largest bank, faces dozens of claims in the U.S. from clients who bought ``100 percent principal protected notes'' issued by Lehman Brothers Holdings Inc. that are now almost worthless. Six attorneys hired ...
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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