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News about Mortgages:
Homeowners Facing Foreclosure Get Help - Click2Houston.comHOUSTON -- Roughly 1,000 Houston homeowners started their weekend early Saturday by attending a workshop at Lakewood Church. It was a rare chance for homeowners to meet face to face with their mortgage companies, KPRC Local 2 reported. "I am about 60 ...
A boom in used furniture - Denver PostPeople used to sit at these desks and make liar loans. Now, they're on sale for $299 at Office Liquidators in Lakewood. The first of three truckloads arrived Monday: cherry laminate desks with matching lateral file cabinets and Herman Miller Aeron ...
Banks in Colo. apply for fed funds - Denver PostSeveral large banks operating in Colorado have raised their hands to receive an injection of capital from the federal government under the $700 billion Troubled Asset Relief Program. The money was initially slated to buy up troubled mortgage-backed ...
Property transactions - Duluth News Tribune2100 Water St., W105-A, Ashland Rentals LLC purchased from Beacon Point Condominiums LLC for $1,375,000, residential, 9/08. 2100 Water St., W304-A, Roger Reinardy purchased from Beacon Point Condominiums LLC for $777,500, residential, 7/08. 2100 ...
Good deeds: Gettel gets Boys & Girls Clubs into game - Herald TribuneGettel Hyundai distributed free to the public more than 4,500 tickets to a Sarasota Reds game to say "thank you" to the Sarasota-Bradenton community. The game benefited the Boys & Girls Clubs of Sarasota County, enabling the organization to recruit ...
Housing 'boom' gone after price drop - Herald TribuneA curious thing happened in early September. After a long time in the darkness, the Southwest Florida real estate market finally began to show signs of life. But then came the collapse of Lehman Brothers, the salvaging of American International Group ...
A few lawmen seek out post of U.S. attorney for Cleveland - Cleveland Plain Dealer BlogA new administration in Washington will mean a new U.S. attorney in Cleveland, and speculation about who that might be has already begun. Among the early names mentioned are Steve Dettelbach, who prosecuted Nate Gray and went to law school with ...
November 2008 - Posts - MSNBC FirstreadFor the Thanksgiving holiday, we are suspending our morning note (including First Thoughts) for next week. Don't fret too much, though. We will still be doing updates as usual throughout the day on Monday, Tuesday and Wednesday. Patrick Gaspard will ...
School for the blind starts visionary newsroom - Newark Star-LedgerEd Murray/The Star-Ledger Judy Ortman, interim executive director of the Concordia Learning Center, is interviewed by student Indigo Estevez from Newark for the school paper. There's a buzz in the newsroom of a New Jersey start-up newspaper, and not ...
November 2008 - ABC News Blogs1. Who will play a bigger role in filling out President-elect Barack Obama’s Cabinet -- Joe Biden, Bill Clinton, or Doris Kearns Goodwin ? 2. Will the Republican Party have to blow itself up to put itself back together ? (Which of those directions ...
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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