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Small town finds calm in banker - Fort Wayne Journal GazetteLAKE WALES, Fla. – The gentleman put on his finest white shirt, dark, pressed trousers, his Sunday shoes. Only it was a Thursday, and Jim Christensen needed not a pastor, but a banker. At age 61, he was about to lose his restaurant. So he made his ...
Real Estate Experts Offer Advice to Homeowners Facing Foreclosure - PR.comAssist-2-Sell brokers from around the country offer advice to homeowners who are at risk of losing their homes to foreclosure. Reno, NV, April 08, 2008 --( PR.com )-- Like other real estate professionals throughout the country, Assist-2-Sell ...
Legends Bank marks milestone - Leaf ChronicleLocally owned Legends Bank, which he presides over, is about to celebrate its 10th anniversary, "and it seems like it's only been two years," Atkins, Legends' CEO, told The Leaf-Chronicle this week. At the end of their first decade in business ...
Colorado's only gay theater company evicted from residence - Denver PostImages from Theatre Group productions over the years. The painful, protracted death of Colorado's only gay theater company was all but completed Monday when the New Denver Civic Theatre evicted the 37-year-old Theatre Group, which had taken up ...
Business calendar, 11/14 - Denver PostColorado Judicial Institute, sixth annual Judicial Excellence for Colorado dinner, Denver Marriott City Center Hotel, 1701 California St. Keynote speaker will be Bert Brandenburg, executive director of the Justice at Stake Campaign. Information: 303 ...
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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