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Christiana Bank booms since buyout - Delaware OnlineFor many banks, buyouts have meant the beginning of the end -- of a name, of an identity, of a presence that took years to craft. Ten months after its sale to National Penn Bancshares, Greenville-based Christiana Bank & Trust is finding that the deal ...
The mortgage rate puzzle - Delaware OnlineOnce upon a time, in that bygone era when housing prices always rose and equity never vanished, the gentle gyrations of mortgage rates seemed like a soothing dance to watch. Today that dance has turned into a more dangerous -- and unpredictable ...
Real estate transactions - Marion Chronicle-TribuneThe following is a list of real estate transfers collected from the Grant County Courthouse. Purchase prices are not available in Indiana and, therefore, are not listed with the transaction. Oct. 13 through Oct. 20 Val Gene McIntire, Val Gene Mc ...
Bankruptcies & Foreclosures - The LedgerThe following businesses or individuals filed bankruptcy petitions in the U.S. Bankruptcy court in Tampa from Sept. 25-Nov. 12, 2008. Chapter 7 filings are for companies and/or individuals whose assets are being liquidated to pay creditors; Chapter ...
Houses sell, but slowly, in Philadelphia area - Philadelphia InquirerThe adage "for every house, there are three buyers" was meant to apply to a normal real estate market. These days, it is taking longer to find even one. A house in the eight-county Philadelphia region sat on the market an average of 75 days ...
News Update - Catholic New WorldThe "Men of Tolentine" will honor Cardinal George as their "Man of the Year" at a banquet Oct. 30. The banquet celebrates the 50th anniversary of the "Men of Tolentine" by the Midwest Province of the Order of St. Augustine. The group fosters ...
Real-Time News - Newark Star-Ledger• Football: Millburn plays Madison during their Thanksgiving game • Football: Millburn plays Madison during their Thanksgiving game • Football: Millburn plays Madison during their Thanksgiving game A University of Delaware freshman from South ...
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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