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Woodstock refuses bond to refinance labor office - Atlanta Journal ConstitutionThe Woodstock City Council has balked at issuing bonds for a Department of Labor office in Kennesaw that serves Cherokee and north Cobb counties. “This was really a refinancing for a group that recently purchased the building,” City Manager Jeff ...
Voters say yes in Mayo, Boiling Springs fire districts; Holly Springs ... - Spartanburg Herald-JournalResidents in Spartanburg County faced several referendums, chose several commissioners, and one town elected a councilman. Boiling Springs Fire District voters on Tuesday approved a referendum allowing the district to issue $2 million in bonds to ...
Public loan programs take center stage at forum - Charleston Post & CourierThe once-torrid affair between homebuyers and purely private financing sources is over. The financial markets have lost that loving feeling with mortgage-backed securities, forcing a tightening of lending standards. So last week, local real estate ...
Obama draws Mile High crowds - Rocky Mountain NewsBarack Obama speaks in The Oval on the CSU campus in Ft. Collins, Colo., October 26, 2008. Video: Democratic presidential candidate Barack Obama spoke before an estimated 100,000 people in downtown Denver a little more than a week before Election Day ...
Keep bailing . . . - Meganmcardle.theatlantic.comFelix Salmon complains , justly I think, that the bailed out financial firms are using the funds to keep their operations going rather than restructure them: The NYT also, however, has a pointed column from Floyd Norris , who notes the double ...
BLOG: Up to 100,000 at Obama rally Sunday - Rocky Mountain NewsDemocratic presidential candidate, Sen. Barack Obama, D-Ill., arrives at a rally in Fort Collins, Colo., Sunday, Oct. 26, 2008. Video: With nine days to go before Election Day, Sen. Barack Obama's rally in downtown Denver's Civic Center Park draws an ...
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.
Buyers 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