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News about Mortgages:
Wash Attorney general warns of foreclosure scams - Tri-City HeraldMore than 14,000 letters will go in the mail statewide this week to homeowners facing foreclosure because of missed mortgage payments. The state Attorney General’s Consumer Protection Division is sending the letters to warn consumers about scams ...
Columbia Bancorp Announces a Strategic Initiative in Response to ... - BolsamaniaTHE DALLES, Ore., Sept. 5 /PRNewswire-FirstCall/ -- Columbia Bancorp, the financial holding company for Columbia River Bank, announced a strategic initiative intended to streamline its overall business operations in response to the current banking ...
Headline homes: Nashville’s top sales for August - Nashville City PaperThis $5.45 million palatial and secluded new house in Forest Hills was purchased by Kix and Barbara Brooks. Caroline Allison Kix Brooks has just topped one more list. With musical partner Ronnie Dunn, Brooks has been to the top of the country single ...
Foreclosures tick up slowly in Fort Worth-Arlington - Fort Worth Business PressForeclosure rates in Fort Worth-Arlington increased for the month of June over the same period last year, according to the latest numbers released by First American CoreLogic. In the Fort Worth-Arlington area, the rate of foreclosures among ...
Beautiful Miss Idaho in LCHS Parade - Spokane Spokesman-ReviewHow about a photo of Coeur d'Alene's newest Sweetheart to end the week? Miss Teen Idaho, Estrella Atkinson , a senior at Lake City High School, along rain soaked Sherman Avenue, Friday afternoon during the Lake City High School Homecoming Parade ...
Wild Card -- Tuesday PM - Spokane Spokesman-ReviewIt's nice to interact with you folks again after a long weekend off. Gotta play to see tonight, but I look forward to reading your comments before I hit the sack tonight. You know the Wild Card drill by now ... Issue : Washington Post confirms 'Deep ...
How can you help? - Crain's Cleveland BusinessOrganization purpose: The Legal Aid Society of Cleveland is the law firm for low-income individuals in Northeast Ohio, and its mission is to secure justice and resolve fundamental problems for those who are low income and vulnerable by providing high ...
Blog Central - Tri-City HeraldPolice, firefighters, teachers and emergency medical technicians soon may have an easier time buying homes in central Richland. The U.S. Department of Housing and Urban Development is designating a revitalization area in the city's core where it will ...

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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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