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2 plead guilty to bank robbery while on bail - Myrtle Beach Online
Two Myrtle Beach residents pleaded guilty in federal court to robbing a bank while out on bail, according to U.S. Attorney W. Walter Wilkins. Maurice Russell Small, 23, and Elysia Nicole Nolan, 20, robbed the Georgetown Craft Credit Union in ...

Personnel file - Nov. 24 - Lexington Herald-Leader
Hindman Settlement School: Brian K. Lewis, a building contractor from Viper, has been named to the board of directors. Sullivan University: David Keene has been named executive director of the university's Lexington campus. He was most recently ...

Properties late on taxes on the rise - Myrtle Beach Online
Anyone hoping to snag a bargain on local real estate will have a longer list than usual to choose from at Horry County's property auction Monday as more property owners than usual struggle to pay their property taxes. Tax sales are held annually, and ...

Debtor Nation - Forbes
If we solve the credit crisis and get banks lending again, if we construct a sensible fiscal and monetary stimulus package to get liquidity into the economy, if we assist homeowners in restructuring their mortgage obligations, if we stem the tide of ...

1 in 7 Mexican workers migrates -- most send money home - San Francisco Gate
Roughly 10 percent of Mexico's population of about 107 million is now living in the United States, estimates show. About 15 percent of Mexico's labor force is working in the United States. One in every 7 Mexican workers migrates to the United States ...

Florida State University - Newsday
CHICAGO TRIBUNE SPORTS BUDGET FOR SUNDAY, NOV. 30 DEADLINES: 10:40 (first), Midnight (final). TOTAL COLUMNS REQUESTED: 65 1: morrissey, irish, bears gizmo, prep gizmo, index (hawks, bulls, verdi) . 2: pompei, scout talk, minn view 3: hawks w/sum ...

From small town to boom town - Austin American-Statesman
At least one area in Central Texas is thriving these days despite the real estate slowdown: Liberty Hill, the small town just north of Cedar Park and Leander. In fact, Liberty Hill is in the only real estate zone in Travis, Williamson, Bastrop and ...

For Obama, A Chance to Push Big Changes - Common Dreams
Amid the almost surreal numbers that describe the nation's financial crisis, President-elect Barack Obama and his incoming team are positioned to take advantage of a changed political environment and push for programs and reforms that only a few ...

Giving Thanks: Readers share their personal thoughts - Modesto Bee
The Bee invited readers to tell what they are grateful for in this year marked by a troubled economy. Here are excerpts from some of the responses. Thomas Wilcoxson and his wife, Laura, "have seen the underbelly of our society" in their jobs. He has ...

Sunday talk show tip sheet - Politico.com
The Sunday talk shows are taking a reflective look back at the outgoing administration of President George W. Bush and peeking ahead to the new administration of Barack Obama this Thanksgiving weekend. First lady Laura Bush headlines NBC’s “ Meet ...

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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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