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Short Sale vs. Foreclosure - Wall Street JournalQ. I am in default on 12 jointly-owned properties that I am trying to liquidate as part of a divorce. All of my properties are currently worth less than the mortgage balances, due to the tough real estate market. I am aware that I will likely be ...
The market mess explained (as best we can) - Globe and MailSmarter men have been trying to answer that question for weeks. The smartest ones admit they have no idea. But there must be a point at which the stock market has fallen enough to discount an economic depression. Sure, but are we there yet? Equities ...
Northern Rock: what's another £3billion between friends? - Daily Telegraph BlogsWhen Northern Rock was nationalised there was a good deal of nonsense talked. Northern Rock has a strong mortgage book, intoned ministers (confusing strong with large). As the FT's Alphaville and Guido pointed out yesterday, and is widely reported ...
Should Obama name FDIC's Bair as a Special Advisor for Mortgage Policy ... - Bloggingstocks.comMost investors know that there's a difference between Democratic Party leadership and Republican Party leadership, as it relates to U.S. fiscal and economic policy. However, although more economically-cohesive than the Democratic Party, the ...
814668 Foreclosure - Martin - Echo Pressforeclosure sale publish october 22, 29, november 5, 12, 19, 26, 2008 notice of mortgage foreclosure sale the right to verification of the debt and identity of the original creditor within the time provided by law is not affected by this action ...
Web of mortgage fraud expands - St. Petersburg TimesStory Tools Even as the real estate market slowed in late 2005 and 2006, the two-story house in St. Petersburg's Shore Acres neighborhood had no problem finding buyers. In less than a year, it sold three times at ever-increasing prices. Now, federal ...
Get Seeking Alpha Free Stock Alerts by Email! - Seekingalpha.comBank trio becomes duo. Wells Fargo ( WFC ) will become the largest U.S. bank by branches with its bid for Wachovia ( WB ), after Citigroup ( C ) withdrew from compromise negotiations late yesterday on concerns about the quality of some of Wachovia's ...
FDIC's Bair pushes aggressive mortgage plan - CNN MoneyNEW YORK (CNNMoney.com) -- In a surprise move, FDIC Chairwoman Sheila Bair Friday unveiled details of her plan to have the government help delinquent homeowners. There are two key elements to the proposal. First, housing payments for delinquent ...
Deed Transfers for Oct. 13-24, 2008 - Star-BannerWarranty deed transfers in excess of $80,000 as recorded at the Marion County Clerk of the Circuit Court's office from Oct. 13-24: Grace Y. Newsum Trust to Mary Ruth Cohey Ammerman. Spruce Creek South: $170,000. Donald Overly to Margeretta Overly ...
Dislocation, Dislocation, Dislocation - Daily Telegraph BlogsLike a relic from a forgotten era, here comes a special credit crunch edition of that annoying property-porn programme Location, Location, Location. "What does the credit crunch mean for you and me?" asked Phil Spencer at the top of the show ...
Today's Mortgage Terms starting with P
Payment Cap: A limit on the size of the monthly payment of an adjustable-rate mortgage or other variable rate loan.
Point: A point is equivalent to 1 percent of a mortgage loan. Lenders might charge "origination points" to cover expenses of processing a loan. Some borrowers might pay "discount points" to reduce the loan's interest rate.
Pre-Approval: The process of calculating how much money a potential homebuyer could borrow.
Prepayment Penalty: A lender's charge to the borrower for paying down the loan before the end of its term.
Pre-Qualification: A non-binding process of calculating how much money a potential homebuyer can borrow before applying for a loan. Information submitted during pre-qualification is subject to verification at application.
Principal: It is the amount of money borrowed or owed, excluding interest.
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