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St. Petersburg Times Special Report - St. Petersburg Times
A Tampa house with a tarp for a roof and boards shuttering the windows sold for $300,000 in 2006 with the help of a no-money-down mortgage from a subsidiary of Washington Mutual Bank. The owner defaulted; WaMu owns it now. Listed for $52,000, the ...

Fla. called No. 1 in mortgage fraud - St. Petersburg Times
TAMPA — A national report released Tuesday said Florida leads the nation in mortgage fraud. Within the state, Tampa is second in the amount of suspicious loan activity. As the report was being released, a federal jury in Broward County was ...

Couples staying together because of poor economy - Berkshire Eagle
Nancy Partridge and her ex-husband, David Snyder, pose outside the home that they share in Westminster, Colo. The pair divorced in January after six years of marriage but when the house failed to sell and Partridge ran out of money to pay for an ...

Couples Staying Together Because Of Economy - KSAT 12
Running into your ex is almost always awkward and stressful. David Snyder and Nancy Partridge deal with it nearly every day. The Denver couple divorced after six years of marriage but have been forced to live together for months because they can't ...

Divorced couples stay together because of poor economy - Columbia Missourian
Running into your ex is almost always awkward and stressful. David Snyder and Nancy Partridge deal with it nearly every day. The Denver couple divorced after six years of marriage but have been forced to live together for months because they can't ...

BUSINESS LICENSES CHESTERFIELD - Richmond Times-Dispatch
The 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 ...

UPDATE 1-Raymond James stock falls amid disclosures - Forbes
Raymond James said it might have to repurchase auction rate securities it sold to customers -- but which have been nearly impossible to trade this year -- to resolve pending claims and regulatory investigations. Yet the St Petersburg, Florida, firm ...

First American CoreLogic Releases September 2008 LoanPerformance Home ... - MSN MoneyCentral
SANTA ANA, Calif. , Dec. 1 /PRNewswire-FirstCall/ -- First American CoreLogic, a member of The First American Corporation FAF , America's largest provider of advance property and ownership information, analytics and services, today announced the ...

Did Russian Mafia loot Sandwich? Harwich charity to up the ante; Sea ... - Cape Cod Today
I nvestigators in Sandwich believe organized crime in Russia may be behind the disappearance of thousands of dollars in taxpayer money. Four illegal withdrawals were made over a 10-day period beginning Nov. 4. - Miller Sandwich Police Chief Michael ...

Economic advisers are heavyweights - Politico.com
Timothy Geithner has already been steeped in the bailout efforts made by Treasury Secretary Hank Paulson and the Bush Administration. CHICAGO — President Elect Barack Obama selected a Mr. Defense and a Mr. Offense for his economic team Monday ...

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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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