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School for the blind starts visionary newsroom - Newark Star-LedgerEd Murray/The Star-Ledger Judy Ortman, interim executive director of the Concordia Learning Center, is interviewed by student Indigo Estevez from Newark for the school paper. There's a buzz in the newsroom of a New Jersey start-up newspaper, and not ...
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Pecanland Mall owners face financial trouble - News-StarGeneral Growth Properties, which owns Pecanland Mall in Monroe, warned this week that it may need to file for bankruptcy. Company spokesman David Keating didn't return a call from The News-Star on Thursday and Pecanland Mall manager Randy Barnett ...
Viewer Stories: Retirement Prospects Dim - WSB-TV AtlantaI left active duty as a Navy Lieutenant in 1983, got an MBA from UCLA in two years and then worked on Wall Street for 20 years, while actively participating in the Navy Reserves until retirement in 2007. During my peak earning years, I saved and ...
CenturyTel and EMBARQ to Merge - MobileTechNews[CenturyTel to acquire Embarq in a transaction worth $11.6 billion.] Monroe, LA and Overland Park, Kan. -- CenturyTel, Inc. and Embarq Corporation announced today that their Boards of Directors have approved a definitive agreement under which ...
Daily Report - Baton Rouge Business ReportGeneral Growth Properties Inc. shares plummeted Tuesday after the mall owner warned it faces solvency trouble and may be forced to file for bankruptcy if it can't refinance or extend nearly $1 billion in debt due next month. The real estate ...
Poconos mortgage suit set for February - Allentown Morning CallA federal lawsuit filed six years ago alleging that more than 100 home buyers were defrauded by JP Morgan Chase Bank and a Poconos builder will finally go to trial in February. U.S. District Judge Christopher C. Conner on Friday set a Feb. 2, 2009 ...
An Invitation to Our Readers - BusinessWeekEarlier this year, we launched a new and innovative feature on BusinessWeek.com to prominently highlight the insights of our readers. Called In Your Face , it calls attention to the most substantive comments left on our site by our readers. Not only ...
Some remain buoyant in titanic crisis - The AgeTWO of the greatest ships ever built were the Titanic and the QEII. The QEII was, after a long and honourable life, sunk by economic and historical forces, the Titanic by an iceberg, on its maiden voyage. The QEII was built in strict compartments so ...
Station lists gas for less than $2 a gallon - Milwaukee Journal SentinelTry not to hurt anyone in the stampede to the gas station. A Woodman's grocery store at 8151 S. Howell Ave. in Oak Creek crossed the barrier about 9 a.m. Wednesday, changing its gas price to $1.99 a gallon. The exhibit will be at the library from ...
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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