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Kiffin Could Bolt For Vols - Tampa Bay Online
TAMPA - Monte Kiffin's reign as the greatest defensive architect in Bucs history may be drawing to a close. Kiffin's son, Lane, will be introduced as the next head coach at the University of Tennessee at a news conference today, and reports by ESPN ...

Orange County: foreclosures 45% of inventory - Los Angeles Times Blogs
Foreclosed properties and "short sales" --homes for sale at less than the outstanding mortgage amount-- now comprise 45% of listings in Orange County, according to an analysis of listing data by Aliso Viejo broker Steven Thomas. Santa Ana remains the ...

Alabama mayor arrested on bribery, fraud charges - Guardian Unlimited
Associated Press Writer= BIRMINGHAM, Ala. (AP) - The mayor of Alabama's largest city was arrested Monday on charges of steering millions of dollars of bond work to a friend in exchange for more than $230,000 in bribes to pay for an expensive wardrobe ...

Oxygen Funding Helps Orange County Businesses Through the Credit ... - PR Inside
www.oxygenfunding.com - Oxygen Funding Corporation (www.oxygenfunding.com) is a growing factoring company that provides cash flow solutions to businesses in Southern California. Oxygen Funding provides cash to qualified clients with short"term ...

US mayor is arrested on bribery charges - International Herald Tribune
BIRMINGHAM, Alabama : The mayor of Alabama's largest city, Larry Langford, was arrested Monday on federal bribery and fraud charges connected to a multibillion-dollar sewer bond deal that has driven the surrounding county to the brink of bankruptcy ...

Feds arrest Birmingham Mayor on bribery charges - Birmingham News
BIRMINGHAM, Ala. (AP) — The mayor of Alabama's largest city, Larry Langford, was arrested Monday on federal bribery and fraud charges connected to a multibillion-dollar sewer bond deal that has driven the surrounding county to the brink of ...

Get The Facts On The Sub-Prime Mortgage Meltdown - FOX News
Well first, let's call a spade a spade. These risky mortgages aren't really so complex or exotic —they're junk mortgages, plain and simple. Sub-prime is just a euphemism bankers have whipped up to disguise their risk. It's been a familiar theme in ...

Code Enforcement Overwhelmed, Asks For Additional Funding - WFTV
ORANGE COUNTY, Fla. -- The foreclosure crisis may soon hit Orange County taxpayers harder. Code Enforcement says it needs $1 million more to handle the 17,000 homes in foreclosure. The agency has already used up more than half its budget that was ...

U.S. Bancorp Bets on Los Angeles, Taking on Bank of America - Bloomberg
Dec. 5 (Bloomberg) -- Los Angeles residents already know U.S. Bancorp because the city’s tallest building bears its name. Now, the Minneapolis company is courting locals and taking aim at Bank of America Corp., its top rival in the region. The 72 ...

Birmingham Mayor arrested on bribery charges - International Herald Tribune
BIRMINGHAM, Alabama : The mayor of Birmingham, Alabama's largest city, was arrested Monday on federal bribery and fraud charges connected to a multibillion-dollar sewer bond deal that has driven the surrounding county to the brink of bankruptcy ...

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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