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South metro town briefs - Minneapolis Star TribuneDakota County commissioners will hold a truth-in-taxation hearing at 7 p.m. Thursday in the third-floor board room at the Administration Center, 1590 Hwy. 55, Hastings. The hearing, open to the public, offers residents an opportunity to ask questions ...
R.I. Foundation gives $500K in emergency aid - Providence Business News“WE ARE NOT ISSUING a formal challenge to Rhode Islanders to join us, but we will be thrilled if this grant inspires people to increase their charitable contributions at a time of tremendous need in our state,” said Rhode Island Foundation ...
Capitan Development A Field Of Dreams No More - Tampa Bay OnlineTAMPA - El Capitan Crossings was supposed to be a place where needy families could realize the American dream of home ownership. But two-and-a-half years after developer Sylvia Alvarez launched the project, the weed-covered building site in Town 'N ...
Matter Of Records: December 1 - Wichita Falls Times Record NewsKell Propane vs. M.A. Flaharity, 199 Homestead Ln., $211.40, V3308 P579. AT&T Advertising LP vs. Bruce Harris, 3002 Speedway, $4,396.00, V3308 P853. The Estate of Richard Lynn Fanchier, et al, vs. Wichita Falls Care Center Inc., 7473 Row 25, Orland ...
Letters to the Editor for Nov. 30 - Daily GazetteGiving billions of dollars in bailout money to the leaders of companies that have failed due to faulty leadership is simply stupid. Not that I expect better from politicians, but really, why can’t they design something that actually goes right to ...
Season of Sharing bails out S.F. single mom, 3 kids - San Francisco GateThursday, November 27, 2008 Like many renters in expensive cities, however, Taylor got caught between a crumbling economy and a crashing housing market. One June evening after work, she came home to a bank repossession note on the door - the duplex ...
Pre-budget report soundbites - InsideHousingThe chancellor is to be commended for announcing that he is bringing forward the earmarked investment for new social homes. ‘However, ministers must ensure that this money is used to increase grant rates to housing associations forthwith. Otherwise ...
Preview from Europe: Just Another Bear Market Bounce? - Seekingalpha.comYesterday was another one of those random walk, dead cat bounce days. But the feeling remains that we have some way to go before we reach the terminus at the end of the road. There was some cheer from GE ( GE ) which announced with fanfare that they ...
Corzine signs bill to help homeowners - Newark Star-LedgerIn an effort to ease the burden of foreclosure facing thousands of New Jersey homeowners, Gov. Jon S. Corzine today signed legislation allocating $12.5 million in state funds and $51.4 million in federal funds in prevention assistance. At the bill ...
Holiday Wishes: Family hopes for a new home by Christmas - Pioneer Press"Everything that is wrong with our economy right now has happened to me. It wasn't like I got one problem, I got all the problems at once," said Edna-Jo Hill, a single mom. "My problems started five years ago. I was lying in bed one morning, feeling ...
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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