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Items pertaining to Fulton neighborhood - Southwest JournalARMATAGE — Principal Joan Franks was working with district and city officials to head-off what she termed “an accident waiting to happen” near Armatage Community and Montessori School in February. Franks said traffic near the intersection of ...
Economic summit predicts '80s-like slide for state - MLive.comDeep in the grim economic forecast University of Michigan economists delivered on Friday was a sobering reality for state residents who remember the recession of the early 1980s: It's getting just as bad here now. U-M economist George Fulton predicts ...
Both lose in aborted home sale - Atlanta Journal ConstitutionLike all illegal immigrants, Lorenzo Jimenez knew the knock on the door from immigration agents could come at any time. Still, he had enough faith in the American dream to buy a house, even though signing the papers meant raising the risk: He put his ...
Street of risk and loss - San Diego Union-TribuneIt produced easy money for specula-tors and mortgage brokers and short-lived happiness for families who bought houses they couldn't afford to keep. Few streets in the county have witnessed as dramatic a turnaround as Little Lake. Nestled in the heart ...
People of modest means hitched hopes on Little Lake Street - San Diego Union-TribuneIt produced easy money for speculators and mortgage brokers and short-lived happiness for families who bought houses they couldn't afford to keep. NELVIN C. CEPEDA / Union-Tribune A "repo" bus tour through Otay Ranch stopped recently on Little Lake ...
County approves plan to finance purchase of foreclosed homes - Atlanta Journal ConstitutionDeKalb County commissioners approved a plan Tuesday to spend $18.5 million in federal money aimed at addressing the decline of property values resulting from foreclosures. The county would place $7.5 million of the grant into a fund to help private ...
Local News Stories - Columbia Daily TribuneCity officials this week began to tackle the question of how to create a more sustainable Columbia, including the possibility of hiring of a sustainability director to oversee green job initiatives and waste-reduction practices. Columbia’s chief ...
Erie County Real Estate Transactions - Buffalo News• 31 Lanoche Court, Michael A. Young; Karen A. Young to Yijun Cheng; Li Li, $525,000. • 1 Cloister Court, Mary Michael Egan; Edmund A. Egan to Michael P. McGorry; Pamela M. McGorry, $466,000. • 73 Hampton Hill Drive, Nicholas D. Mecca; Efterpe ...
Regulatory and Shareholder Approval Received by Rurban Financial Corp ... - MSN MoneyCentralDEFIANCE, Ohio, Nov. 17, 2008 (GLOBE NEWSWIRE) -- Rurban Financial Corp. (Nasdaq:RBNF), a leading provider of full-service community banking, investment management, trust services, and bank data and item processing, announced that it has received ...
A home away from home - Southwest JournalSome homeowners unable to sell have started listing their properties as vacation rentals; one is fighting the city, which likens her operation to a hotel Carolyn Moore put her home up for sale several times before she decided to move in with her ...
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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