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Will Aurora plans survive? - Waterbury Republican-AmericanWINSTED — If hundreds of new homes go up on Highland Lake, will there be buyers for them? Oxford developer Anthony Silano believes the market is ripe for Aurora Estates, a condominium development he named after his longtime girlfriend Aurora Rosa ...
Housing problem expands in state - Lynchburg News and AdvanceThe number of foreclosures in Virginia more than doubled during the first 11 months of 2008, compared with all of 2007. Data analyzed by the Richmond Times-Dispatch show 27,938 foreclosures statewide in the 2008 period for all property types ...
Matter of Record, January 5 - Wichita Falls Times Record NewsState Farm Mutual Automobile Insurance Co. vs. Joshua Eric Melton, 4118 Palomino, $4,616.49, V3317 P802. County of Williamson vs. Travis A. Holland, et al, 1419 N. 7th, $2,025.29, V3318 P20. Gant, Kenneth Adrian, Wichita County, Chapter 7, Date Filed ...
Indiana Housing Leaders Call on Congress to Help Main Street - Businesswire.comINDIANAPOLIS--( BUSINESS WIRE )--The Indiana housing industry called on Congress today to address the housing crisis that is at the root of the nation’s recession. Dennis Spidel, the owner of Dennis Spidel Custom Homes and the 2009 president of the ...
Faith in our future - Haliburton EchoWhen all else fails, there’s faith. Haliburton County has to believe in its strengths, and its long-term viability, if it is to ride the rough waves of the economic storm sweeping across the world. No panicked decisions. No hiding money under the ...
Judge: 'Lying in court has a price tag'; Beatty gets 120 days - Detroit NewsDETROIT -- Christine Beatty "misused" her many talents when she participated in a text-message cover-up with former Mayor Kwame Kilpatrick that hid the details of their affair and ultimately cost the city millions of dollars, Wayne County Circuit ...
Business openings for Galveston County - Galveston County Daily NewsWHO: 3-Share Plan WHAT: Health benefits program WHERE: UTMB clinics in Texas City, League City and Friendswood; and UTMB Island clinic on Stewart Road in Galveston CALL: 866-607-0108 WHO: A B Sign Shop WHAT: Signs, banners, wide format printing, etc ...
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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