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News about Mortgages:
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 ...
First-place teams defeated in chess round 9 - Las Vegas SunThe mighty were brought low as the first-place teams in both the open and women's divisions fell in round nine on Saturday. In the open division, Israel played the role of David, knocking off Armenia 2.5-1.5. On the women's side, Serbia edged China 2 ...
William Jefferson... still in Congress - MSNBC FirstreadWilliam Jefferson... still in Congress Posted: Monday, November 17, 2008 3:54 PM by Domenico Montanaro Filed Under: Congress , Democrats From NBC's Doug Adams Remember William Jefferson , the Louisiana congressman who was indicted last year on ...
Headline: 'Are You an Idiot to Keep Paying Your Mortgage?' - News BustersIn today's "You've Got to be Kidding Me" moment, the San Francisco Chronicle advocated that folks who owe more on their mortgages than their homes are worth should stop making payments so they can qualify for a government bailout. I'm not kidding. If ...
Saturday Readers' Forum - Marin Independent JournalThe news in the papers reported the needs of the food bank were never greater. But true to form, when the call went out for help, the citizens of Marin stepped forward. On behalf of the nearly 1,000 scouts and volunteers who collected food on Nov. 15 ...
When you're on the road, know what makes home 'home' to you - St. Petersburg TimesTAMPA — When it comes to touring theater, The Phantom of the Opera is like a luxury liner. Just ask the Phantom himself. "When you get a job like this in this business you ride it as long as you possibly can, as long as you have your sanity,'' said ...
Newly homeless putting pressure on shelters - Inside Bay AreaJames Adams loads food into the back of his pickup as Nancy Correll looks on during the Coastside Hope's monthly Family Harvest Program that hands out food and some basic necessities to needy families in Princeton by the Sea, Calif., on Thursday ...
Illinois home sales, prices drop in third quarter - Chicago TribuneIllinois home sales tumbled 21.2 percent in the third quarter, and the median sale price dropped 8.2 percent, a trade group reported Monday. The number of single-family homes and condominiums sold in the state during the latest quarter declined to 31 ...
Fannie, Freddie suspend foreclosures - Denver PostNov 20: Stocks tumble for second day; Treasurys surge Dems delay auto bailout vote, seek plan from Big 3 Nov 13: Stocks shoot up 550 as investors swarm back in Colorado foreclosures mixed OECD says developed world already in recession Oversight of ...
Illinois Third Quarter Home Sales Down 21.2 Percent - Biloxi Sun HeraldStatewide Median Price at $190,000 SPRINGFIELD, Ill., Nov. 17 /PRNewswire-USNewswire/ -- Job losses and economic uncertainty continue to impact the housing market while home price affordability and supply present opportunities for first-time buyers ...

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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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