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News about Mortgages:
'Green' builder sees great market - Birmingham NewsFor Huntsville builder Mark Harris, seeing homes rise from the ground in Midtowne on the Park beckons back to another era. One might not expect to find bungalow-style homes tucked between West Side Centre and Cummings Research Park, but the ...
Learning to get it in writing the hard way - Huntsville ForesterSeventy-three-year-old Ross Askin is willing to admit he learned the hard way. “You don’t expect your son to turn on you,” he says. Askin wants other people to know that when it comes to negotiating deals, even if it is with family, you should ...
Latest News - dBusinessNews.comMaurice's Gourmet Barbeque Recognized by Kiplinger's Personal Finance Magazine COLUMBIA -- Maurice's Gourmet Barbeque is pleased to announce the ... Microsoft and EMC's RSA Security Division Team Up to Help Customers Secure Sensitive Data HOPKINTON ...
The upside of "zero privacy" - Reason.comIf you haven't noticed it already, flip back a few pages and take a good look at the front cover . Unless you picked this magazine up on a newsstand, you should see your neighborhood's grinning mug shot, exposed in all its glory from above. Depending ...
Locals may seek lawsuit against mortgage companies - WHNT-TVMEMPHIS, Tenn. (AP) - Memphis and Shelby County officials are considering taking legal action against mortgage companies they say have contributed to abusive loans in their communities. Tennessee Attorney General Bob Cooper, Shelby County Mayor A. C ...
Valley neighbors can use your help - Huntsville TimesPeople who have never needed help are seeking it from social services here, and providers are feeling the strain. "If people are inclined to make donations to help your fellow man, we would certainly appreciate it," said Gayla Kidd, director of ...
County foreclosures increase 64% - Birmingham NewsAlabama saw a double-digit increase in foreclosures from September to October but still claims one of the nation's lowest foreclosure rates, according to a report released today. RealtyTrac ranks Alabama 39th in foreclosure activity rates, including ...
Speak Out - Anniston StarAs a former member of the Armed Forces, I recently had questions about some veterans' issues. I contacted Rep. Mike Rogers' office and left a message about my concerns. Not only did I hear from the congressman's office, but he returned the call ...
Free legal help for Alabamians facing foreclosures - WSFAMONTGOMERY, AL (WSFA) - It's a sign of the times across the country, home foreclosed, and Alabama is no exception. "I would say between 2 to 4 thousand people," said Tom Methvin. Methvin is a Montgomery attorney who is chairing the Mortgage ...
Column by Sen. Lowell Barron on Gas Prices - WHNT-TVAlabamians are fed up. My phone has been ringing off the hook with citizens wanting to know what can be done about the outrageous gas prices they are seeing at the pumps. This is a very real problem that is affecting the way people live, and I am ...
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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