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Big Ten battles - Midland Daily NewsDaily News/NATHAN MORGAN Employees of Currie Kendall PLC, from left, Naomi Granum, Sara Philo and Donna Lind, spend their lunch break at Saginaw Bay Underwriters' "business block party," Friday afternoon in Midland. The party, which was held in the ...
Almost home - Frederick News-PostJessica Blake is shown recently in her Frederick home with her five children, clockwise from left, Kendall, 10, Earl, 8, Amanda, 5, Emma, 3, and Victor, 1. Jessica Blake is not a drug addict or an abused wife. Her husband is not a felon. Think of ...
Median sale prices down in area from a year ago - Courier NewsSPRINGFIELD -- Job losses and economic uncertainty continued to impact the Illinois housing market, which saw another big drop in home sales and home sale prices in the third quarter. In the Chicagoland Primary Metropolitan Statistical Area -- the ...
Original Ranch House catches fire - OlympianOLYMPIA — Fire destroyed the roof of the rebuilt Ranch House Barbecue Restaurant Sunday, nearly a year after a mudslide closed the decades-old Thurston County restaurant, and three weeks before it was to reopen. Nobody was in the building when it ...
Blaze hurts Ranch House hopes of going home soon - OlympianOLYMPIA – Fire destroyed the roof of the rebuilt Ranch House BBQ restaurant Sunday, nearly a year after a mudslide closed the decades-old Thurston County restaurant, and three weeks before it was to reopen. Nobody was in the building when it caught ...
Chicago-area home sales slide 22% in Q3 - Crain's Chicago Business(Crain’s) — Home sales in the Chicago area dropped 22.1% during the third quarter, compared to the third quarter, 2007 according to the Illinois Assn. of Realtors. In the third quarter, a total of 20,449 single-family homes and condominiums were ...
When couples split, no one wants the house - Palm Beach PostDuring the real-estate boom, couples who divorced would fight over who got the house, betting that the winner could get rich from rapidly escalating prices. Spouses plunked down thousands to buy out their partner. Disposing of the ''marital asset ...
The young and the anxious - Arlington Heights Daily HeraldLast fall, 12-year-old John Morganti was a very anxious kid. He was too scared to ride the bus to school or have sleepovers at friends' houses. He had frequent stomachaches, hid out in the nurse's office and begged his mother to let him skip school ...
PNBC increases earnings per share - Bureau County RepublicanPRINCETON — Princeton National Bancorp Inc. reported 2008 year-to-date fully diluted earnings per share increased 34.8 percent to $1.90 from $1.41 in the same period in 2007. Net income for the first nine months of 2008 increased 33.4 percent to $6 ...
Illinois Third Quarter Home Sales Down 21.2 Percent - EarthtimesSPRINGFIELD, 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. According to the Illinois ...
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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