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Obama team working on overhaul of financial rescue - Boston GlobeWASHINGTON (Reuters) - President-elect Barack Obama's economic team is working on an overhaul the $700 billion financial rescue program with the aim of doing more to spur the flow of credit to the struggling U.S. economy, an Obama aide said on Friday ...
Redding City Council meeting canceled - Record SearchlightThe City of Redding office of the city clerk announced today that the regular city council meeting that was scheduled for 7 p.m. Tuesday has been canceled due to lack of a quorum. Under state law, the board of a government agency needs a majority of ...
How To Get Out Of Debt - NewsNet 5CLEVELAND -- Now that the holidays are over, some of us may be dreading paying those bills. Jay Seaton is with Consumer Credit Counseling Service in Cleveland. He advises that first you organize that debt. He said, first grab each of your latest ...
Cabbies work 24-hour shifts - Sydney Morning HeraldTAXI drivers are putting passengers' lives at risk by working up to 24 hours straight to cash in on popular holidays such as New Year's Eve and Australia Day. In a breach of regulations described by NSW Transport Minister David Campbell as "dangerous ...
Investors Awaiting Bargain-Basement Commercial Property - Investors Business DailyPeter Lewis spends a good part of his day monitoring the level of distress in commercial real estate. He's waiting for the needle to tilt to "extreme." That's when he expects to pounce on troubled properties at prices that will bring a good return ...
Flood victims play waiting game - Martinsville Reporter-TimesMembers of the families included in the Morgan County Federal Emergency Management buyout are eager to return to some semblance of normal life seven months after the June 7 flood destroyed their homes. The FEMA county list of 23 properties is just ...
Dick Feagler: 45 years of stories, observations and memories - Cleveland Plain Dealer BlogIt's hard to pick one way to describe Dick Feagler: He has been a newspaper reporter and columnist, a television commentator, talk show host and news anchor. For 45 years, he has chronicled the ups and downs of life on the North Coast, skewering the ...
Mayor Ray Nagin's sanitation chief orders halt to 'Disney-like ... - New Orleans Times-PicayuneMayor Ray Nagin's sanitation director has sent a letter to the owner of the company that collects trash and sweep streets in downtown neighborhoods telling the firm to stop providing "Disney-like" additions to its basic daily garbage collections on ...
In Search of Bond Bargains - Wall Street JournalAfter a rough 2008, bond-fund investors may find bargains for 2009 -- if they're daring. Last year challenged a lot of perceptions about these supposedly conservative holdings. Several fixed-income fund categories were down by unprecedented levels ...
Conduct at Chuck E. Cheese described as 'madness' - Patriot-NewsJOHN C. WHITEHEAD, The Patriot-News/2008 Chuck E. Cheese in Susquehanna Township. The wobbly video shows a group of adults mulling inside Chuck E. Cheese's restaurant in Susquehanna Twp. Suddenly it pans left and captures a fight breaking out. The 22 ...
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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