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Four Seasons' parent company gets two-week reprieve - Greensboro News & RecordCHICAGO (AP) — General Growth Properties Inc. has received a two-week extension on mortgage loans totaling $900 million, as the troubled shopping mall owner works to stave off bankruptcy and negotiate longer-term extensions with lenders. The ...
Mortgage brokers seeing more refinancing - WRALRaleigh, N.C. — New numbers out Wednesday show national sales of new homes are at their lowest point in 18 years. But when it comes to pre-owned, the days of bargain hunting here may be over. The Federal Home Finance Agency reports prices are still ...
UNC Murder - FOX NewsMarch 13: Lawrence Alvin Lovett Jr., 17, is escorted by Durham police officers out of the Durham Police Department in Durham, N.C. March 13: Lawrence Alvin Lovett Jr., 17, is escorted by Durham police officers out of the Durham Police Department in ...
Four Seasons owner could face bankruptcy - Greensboro Business JournalGeneral Growth Properties Inc. , the owner of Four Seasons Town Centre in Greensboro, announced in a filing Tuesday that it faces potential bankruptcy if it’s unable to refinance its debt. The Chicago-based company, which also owns The Streets at ...
Credit crisis hobbles Wake, Durham counties - Raleigh News & ObserverThe credit shortage also is affecting the state's borrowing. The variable interest rates on about $855 million in state debt rose this week, said Sara Lang, spokeswoman for the State Treasurer's Office. Those rates are now almost fivefold what they ...
General Growth Properties may file for bankruptcy - Triangle Business JournalGeneral Growth Properties, the owner of The Streets at Southpoint mall in Durham, says it may be forced to seek bankruptcy protection from its creditors as it struggles to refinance debt. The company’s stock tumbled by nearly two-thirds in Tuesday ...
David Cutcliffe insists he's 'staying at Duke' - FOX NewsDURHAM, N.C. — Duke coach David Cutcliffe quashed any speculation about him returning to Tennessee to replace his good friend and former boss, Phillip Fulmer. "I'm at Duke, staying at Duke," Cutcliffe said Tuesday. Cutcliffe twice served on ...
Southpoint parent company in financial trouble - WRALDurham, N.C. — General Growth Properties Inc., the parent company of Durham's The Streets at Southpoint and almost 200 shopping centers nationwide, faces a debt deadline that could force the company to seek bankruptcy protection, according to a ...
General Growth Properties retains Sidley Austin LLP in ‘advisory ... - Triangle Business JournalThe owner of The Streets at Southpoint mall in Durham has hired one of the country’s largest law firms as it considers filing for bankruptcy protection. Chicago’s General Growth Properties Inc. (NYSE: GGP) said in a statement that it has hired ...
Streets at Southpoint in trouble? - WTVDDURHAM (WTVD) -- Owners of the Streets at Southpoint say the economic squeeze will not force them to close their doors. It has been announced Southpoint's owners may file for bankruptcy. However, the shopping continues as usual at the Streets at ...
Today's Mortgage Terms starting with N
Notice of Default: A step in the foreclosure process in which the lender formally informs the court that the borrower is in late in payments.
Non-Assumption Clause: A provision in a mortgage contract preventing the assumption of the mortgage by another borrower without the lenders permission.
View all Terms