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Great Wolf talking with lenders about mortgage extension - Milwaukee Journal SentinelDec. 1, 2008 11:42 a.m. | Madison-based Great Wolf Resorts Inc. says it remains in discussions with its lenders regarding an extension of yesterday's maturity date on a $76.8 million mortgage loan on its Mason, Ohio, water park resort. Until those ...
Congress' choice: Hope or disaster - Detroit Free PressUnion concessions. White-collar pay cuts. More job eliminations. Brand shutdowns. CEOs working for free. And strategic plans that are now an open book in a very competitive marketplace. Throw in executive groveling and forecasts of economic chaos ...
Nations are spending to fend off recession - Seattle TimesWhile no other country has proposed spending the $700 billion that some say President-elect Obama may propose to create or preserve 2.5 million jobs over three years, some plans are particularly bold: China's $586 billion stimulus will accelerate ...
Nations Spend in Tandem To Stall Global Recession - Washington PostIn a bid to jump-start the beleaguered global economy, countries around the world are introducing massive public spending programs aimed at creating millions of jobs, boosting the use of green energy and modernizing infrastructure in a way that could ...
Register for FREE - Wall Street JournalPlease register to gain free access to WSJ tools. An account already exists for the email address entered. Daniel Hausmann, of Private Equity Analyst, files this dispatch on fund-raising by private-equity firms. Private Equity Analyst is a Dow Jones ...
Electric Cars at a dealership in Los Angeles (Source: LA Times) - DailyTechA bright star just months ago, electric car industry goes into dramatic reverse. In what many will find a surprising turn of events, electric car sales have plummeted this year, plunging the fledgling industry into financial turmoil. Many ...
Drivers pumped for low prices - Post-StarFor the first time in more than two years, gas is selling at some local stations for less than $2 a gallon. Remember what that was like? Many customers pulling up to the pumps at the Citgo on Route 9 in Moreau, where regular unleaded was selling for ...
Dems Give White House Ultimatum on Auto Bailout - ABC News BlogsABC News' Z. Byron Wolf Reports: Democrats sent a clear message to the White House tonight - make some of the $700 financial industry bailout money available to the domestic auto industry or else. And they want an answer by Friday. Auto makers ...
John S.W. MacDonald - New York ObserverAs this blog encompasses culture, I suppose we’re contractually obligated to mention this year’s Grammy nominations. So here goes… The lucky nominees were announced last night at LA's Nokia Theatre during a live televised event that CBS humbly ...
VIPs should let the forces do their job - TribuneT HERE is no mistaking that the terrorist attack on the landmark hotels in Mumbai was an attack on India and all that it exemplifies like a functioning democracy and a thriving economy. And the attack came from the usual suspects. In his address to ...
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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