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Port Authority sues township for $4.4 million - Twinsburg Bulletin
Twinsburg Township -- The Summit County Port Authority has filed a "breach of lease" civil complaint against Twinsburg Township, seeking to recoup more than $4.4 million it claims the township still owes on a lease agreement for the township's former ...

Summit County Port Authority sues Twinsburg Township - Akron Beacon Journal
The Summit County Port Authority is suing Twinsburg Township for $4.4 million, arguing that the township defaulted this year on a lease agreement for its former town hall. ''There's precedent in Ohio law that one government doesn't pass its ...

2008 Gift Guide: Big boxes to make your holidays bright - Cleveland Plain Dealer
There are plenty of excuses, if you want them. The mortgage crisis. The credit squeeze. The weather (it was 60 degrees on Friday). The traffic lights on Euclid take too long to turn green. But let's face it: You and I and Aunt Ida aren't going to ...

Foot bathing is a clean job, but someone's got to do it - Cleveland Plain Dealer
Being bereft of a glass slipper, reporter Chuck Yarborough opts to scrub the tootsies of Diana Palmer after she completed her ion foot bath at Basic Essentials in Solon. Layoffs. Mortgage meltdowns. Monopoly money worth more than our 401(k)s. An ...

Running more "liberal" talk radio time won't make more people listen ... - Seattle Post Intelligencer
Now, having spent the entire campaign season lambasting Republicans on every possible front you want to offer us advice. Here's a little advice for you. Stick to your side of the fence. I am not crazy about Limbaugh or Kirby Wilbur, but at least they ...

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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