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Down housing market has Duluth family seeking swap - Bemidji PioneerDULUTH, Minn. A Duluth family is trying an unorthodox way to overcome the slump in the housing market. Katie McKinnon and her fiancee, Jacob Farkas, are seeking someone to swap houses with them. They want to trade their two bedroom for a three ...
Real estate prices, number of home sales, fall in October in Pioneer ... - Union-News & Sunday RepublicanSPRINGFIELD - Both the median price paid for a home in the Pioneer Valley and the number of homes sold fell last month compared with October a year ago. "We're seeing the same story," said Susan M. Renfrew, of Renfrew Real Estate in Greenfield. "I ...
US Bank takes over 2 shutdown California thrifts - Bemidji PioneerFederal regulators on Friday shut down two big thrifts based in Southern California, saying they fell victim to the acute distress in the housing market in that state. The failures of Downey Savings and Loan Association, based in Newport Beach, and ...
US giant set to melt down on CEO - Daily PioneerAmerican financial giant Citigroup faces an unprecedented crisis of confidence after its shares fell to a 16-year low on Friday, triggering speculation that the Citi board may opt for drastic measures. Citi directors are said to be wrestling with a ...
Home prices, sales fall - Union-News & Sunday RepublicanSPRINGFIELD - Both the median price paid for a home in the Pioneer Valley and the number of homes sold fell last month, compared with October a year ago. "We're seeing the same story," said Susan M. Renfrew of Renfrew Real Estate in Greenfield. "I ...
Farmers the ultimate' - Pioneer spirit of producers lauded at Farm ... - Daily Herald TribuneA packed theatre at Grande Prairie Regional College’s Douglas J. Cardinal Performing Arts Centre greeted three nationally renowned personalities at Farm Credit Canada’s annual Speakers Forum Wednesday. The FCC forum, the first of a series of nine ...
State Headlines - KCEN TV NBC 6WASHINGTON (AP) - Regulators shut down Houston-based Franklin Bank and Security Pacific Bank in Los Angeles on Friday, bringing the number of failures of federally insured banks this year to 19. The Federal Deposit Insurance Corp. was appointed ...
Updated 11/21: Economy Congressional hearing topic Monday - Arlington Heights PostWith the start of the 111th Congress and the first term of President-elect Barack Obama less than two months away, U.S. Reps. Mark Kirk, R-10th, and Peter Roskam, R-6th, will hold an ad-hoc economic recovery hearing to discuss actions addressing the ...
Market Mover - American ReporterBOCA RATON, Fla. -- The thoughts below were written three years and one month ago. No one cared about my ideas. On local and national radio for more than 14 years I made the same health care warning loud and clear to anyone who would listen. I'll try ...
You don’t need money - Daily PioneerAt least that’s what people thought till the financial meltdown brought to an end the borrow-and-spend party. But if individuals now find themselves counting pennies, Governments are still spending big through deficit financing. The bills are ...
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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