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This week's Real Estate stories - Marketwatch
There's no question that as rates dropped in the latter part of 2008 more people took steps to capitalize on the cost savings that those lower rates would bring," Anderson said. "And while many see this as a refinance boom, it's important to note ...

Appco owner seeks refinancing to end cash crunch - Kingsport Times-News
Refinancing still on hold for Appco parent - Johnson City Press
The Texas-based company that bought Appalachian Oil Co. (Appco) in September 2007 will have to wait out the weekend for an 11th-hour debt refinancing to help it overcome a recent cash crunch that has left area Appco convenience stores without gas and ...

Signs Show N. Texas Housing Crisis May Be Easing - CBS 11 News
Housing Slump Makes For Buyer's Market (12/31/2008) New Home Sales At Slowest Pace In 18 Years (12/23/2008) Obama: HUD Pick Donovan Vital To Economic Plan (12/13/2008) E-mails Show Freddie, Fannie Heads Ignored Warning (12/9/2008) Couples Staying ...

Worst Recession Since the 30s Will end in 2009 - BusinessWeek
Economists at Wells Fargo predict the economy will improve by the second half of 2009. “The ongoing impact of $2 trillion in government stimulus, with other factors such as pent-up consumer demand and returning consumer confidence, will finally ...

OCEANSIDE: Attorneys disagree on whether Tri-City board broke law - North County Times
OCEANSIDE ---- Lawyers disagreed Tuesday on whether Tri-City Medical Center's board should have given the hospital's top executives notice and a chance to hear the issues before placing them on paid leave last month. An attorney for eight sidelined ...

U.S. mortgage crisis prompting change - Louisville Courier-Journal
There were no background checks to weed out people convicted of financial crimes, no tests to see whether brokers actually took required classes and understood the complex mortgage world. A company simply had to plop down $200 to get its state ...

The World Newser - ABC News Blogs
George Stephanopoulos interviewed Israeli Foreign Minister Tzipi Livni briefly today on Israel's decision to reject international calls for a 48 hour cease-fire . Livni said that a cease-fire "doesn't serve Israel" because Hamas will "abuse any kind ...

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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.

    View all Terms
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