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News about Mortgages:
Las Vegas man pleads guilty to mortgage loan scam - Las Vegas SunA 64-year-old Las Vegas man, Mathew Marion, pleaded guilty this morning to a mortgage fraud scam. District Court Judge Michelle Leavitt sentenced Marion to pay a $20,000 fine to the state and ordered that he pay restitution to Clark County of $89,990 ...
Deed Transfers for Oct. 13-24, 2008 - Star-BannerWarranty deed transfers in excess of $80,000 as recorded at the Marion County Clerk of the Circuit Court's office from Oct. 13-24: Grace Y. Newsum Trust to Mary Ruth Cohey Ammerman. Spruce Creek South: $170,000. Donald Overly to Margeretta Overly ...
'08 Marion County tax bills will finally get into the mail. Really. - Indianapolis StarAfter a bit of last-minute uncertainty, officials announced Friday that Marion County property tax bills will be hitting mailboxes next week and will be due by Dec. 16. The bills would be provisional, or conditional, based on revised 2006 property ...
County seeks $6.3 million to put people in empty homes - Star-BannerOCALA - Marion County will try to tap a new federal program to put people into homes that have been deserted by owners swallowed up by the mortgage industry crisis. The County Commission on Tuesday pushed to secure $6.3 million available under the ...
Sheriff's sale set for 10 of investor's holdings - Pittsburgh Tribune ReviewA Pittsburgh-based investor faces the loss of 10 properties -- most housing rental apartments -- in the city and nearby communities at a Dec. 1 Allegheny County sheriff's sale. R.A.E.D. Investments Inc. of Pittsburgh and Davin Investments Inc. are in ...
A helping hand - Times West VirginianFAIRMONT — Has your credit card debt gotten out of hand? Have doctor bills piled up? Or have you considered buying a home but need some education on the impending mortgage procedure? Then Consumer Credit of North Central West Virginia can help ...
Eau Claire-area men get shot with pro indoor football team - Pioneer PressEAU CLAIRE, Wis. — Dave Hildebrandt and Thunder Marion have played together before. Veterans of the area's adult amateur football scene, they previously suited up alongside each other with the Chippewa Valley Predators. Now the two could find ...
Commercial Savings Bank is Moving in October of 2009 - EarthtimesMARION, Ohio , Nov. 19 /PRNewswire/ -- Commercial Savings Bank (CSB) is pleased to announce the purchase of a new facility in Marion . The new site is located at 195 Barks Rd., just two blocks away from the bank's current building at 170 Barks Rd ...
Feds Probe Golden West Financial - Street.ComNEW YORK -- The Justice Department is investigating the mortgage lending practices of Golden West Financial , the savings and loan bought by Wachovia ( WB Quote - Cramer on WB - Stock Picks ) for $24 billion at the height of the housing boom in 2006 ...
Justice Department probing Golden West Financial - CNBCNEW YORK - The Department of Justice is investigating the mortgage lending practices of Golden West Financial Corp., the savings and loan bought by Wachovia Corp. for $24 billion at the height of the housing boom in 2006. U.S. Attorney Joseph ...
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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