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Man faces 16 years for mortgage fraud - East Valley TribuneA Phoenix man is facing a minimum 16 years in prison for his role in a fraudulent mortgage loan scheme involving the purchase of a $3.2 million Paradise Valley home 14 years ago. Delanie Belfield Ross, 39, was found guilty Friday of three felony ...
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 ...
'Excellent credit to bankruptcy' in two years - News-Leader.comHoping to earn $50,000 in three years to help pay for their son's college education, an Iowa couple joined what was described as a risk-free housing investment program run by a Springfield company -- only to find their lives in financial ruins two ...
New Orleans home-loan program builds slowly - New Orleans Times-PicayuneAfter months of dickering and false starts, the centerpiece in New Orleans' strategy of clustering people in viable neighborhoods is finally off the ground with forgivable loans for first-time homebuyers. A handful of low- to moderate-income families ...
Sex offender files lawsuit to get off list - Atlanta Journal ConstitutionThe lead plaintiff in a federal lawsuit that seeks to overturn parts of Georgia’s sex-offender registry law is now trying to eliminate her classification as a sex offender. Wendy Whitaker’s status as an offender violates the Constitution’s ...
Virginia Father, Daughter Visiting India Confirmed Dead in Terror ... - FOX NewsAn American father and his teenage daughter were confirmed dead in the terrorist attacks in India by a Virginia foundation. Alan Scherr and his 13-year-old daughter Naomi of Faber, Va., were killed while they were in a cafe in Mumbai, a spokeswoman ...
Off-Topic: Why Citibank Should Vanish - Gigaom.comAfter a long day, I returned home to find a mound of junk mail clogging my mailbox. Of note was a letter from Citibank informing me that it was jacking up the interest charged on my credit card, adding more fees for foreign transactions and other ...
Toys for Tots Drop-off Sites - WBAY Green BayToys for Tots is collecting toys to make sure children in need get a gift during this holiday season. Toys donated in your area stay in your area. Please contact the webmaster to add, remove, or edit a drop-off site. The deadline for dropping off ...
The Financial Fire Trucks Are Gathering - FXStreet.com"It will therefore be crucial that you see the world anew. That means looking from the outside in to reanalyze much that you have probably taken for granted. This will enable you to come to an understanding. If you fail to transcend conventional ...
It's time for New Orleans to admit it's a shrinking city, some say - New Orleans Times-PicayuneDAVID GRUNFELD / THE TIMES-PICAYUNE A rebuilt home sits like an island among empty lots on Warrington Drive in Gentilly. The city's gap-toothed recovery raises questions about where New Olreans should invest its increasingly limited resources ...
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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