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News about Mortgages:
Surviving the housing crisis - Burlington UnionThere are more than seven million homeowners who are “underwater,” a term that describes the situation when your mortgage exceeds the value of your home. Nationwide, one out of five homeowners are underwater. In Nevada, where the prices have ...
Burlington Apartment tenants ready to return - Hawk EyeIt will be a bittersweet homecoming for Annette Colton. After being displaced earlier this year due to flooding, Colton and about 30 other tenants of The Burlington Apartments will return home Dec. 1. The recently announced return date comes months ...
Washington Father Uses Two Young Sons in Attempted Burglary - FOX NewsBURLINGTON, Wash. — Police say a 28-year-old man used his two young sons — 7 and 4 — to help him attempt to steal nearly $8,000 worth of goods from the Burlington Kmart. Jesus Barragan of Sedro-Woolley has been charged in Skagit County Superior ...
SEC Accuses Dallas Mavericks Owner of Insider Trading - FOX NewsThis is a developing story. Refresh page for updates. CDC: Huntington, W. Va. Nation's Unhealthiest City Student Dies After Prop Gun Discharges Before Play Performance Missing Wisconsin Mother Found Dead, Ex-Husband Arrested W. Virginia Town Shrugs ...
Editorial: Allow bankruptcy to work on mortgages - Burlington Free PressAs Washington ponders the latest rescue plan for foreclosure relief, Congress must exercise its power to ensure that fewer people risk losing their homes because they can no longer afford mortgage payments. Sen. Christopher Dodd, D-Conn., who chairs ...
Have a ‘Charlie Brown Christmas’ - Burlington UnionAmerica hit a bump in the road last year when the housing market went south thanks to greedy lenders pumping secondary markets with sub-prime mortgage notes. While it’s true some homeowners should have never been approved for a mortgage, who can ...
My Turn: Fund schools to bail out economy - Burlington Free PressProposals to halt the slide into recession include: 1) Pumping federal money into failing banks and financial institutions; 2) Getting federal money into the hands of folks who are defaulting on mortgage payments; 3) Funding banks with federal monies ...
Madigan sues 7 companies over mortgage schemes - St. Louis Business JournalIllinois Attorney General Lisa Madigan sued seven so-called mortgage “rescue” companies late Monday and warned consumers about an alarming rise in these scams that prey on vulnerable homeowners on the verge of foreclosure. Con artists targeted ...
Bradford County Property Transactions - Daily Review & Sunday ReviewThe following property transactions were recorded recently at the Bradford County Courthouse. Alfred Finnerty, Alfred A. Finnerty (AKA) and Beverly Finnerty, Beverly J. Finnerty (AKA) to Commonwealth of Pennsylvania Department of Transportation of ...
Madigan suing a Plainfield company - Herald NewsCHICAGO -- A Plainfield company is among seven "so-called mortgage 'rescue' companies" that were sued Monday by Illinois Attorney General Lisa Madigan. Madigan said the companies were scamming vulnerable homeowners who are on the verge of foreclosure ...
Today's Mortgage Terms starting with S
Second Mortgage: An additional mortgage that has rights that are secondary to the first mortgage.
Seller’s Market: Market conditions that are favorable to sellers. There are more buyers than properties available for sale. The buyers may be forced to compete and pay more for the same property.
Settlement Costs: Money paid by the borrowers and sellers to complete the closing of a mortgage.
Settlement Cost (HUD Guide): HUD publishes a booklet that gives an overview of the lending process and is given to consumers after completing their loan application.
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