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Mall owner nears bankruptcy - Taunton GazetteUnless it can refinance or extend $1 billion in debt by next month, the Chicago-based company that owns the Silver City Galleria may be forced to file for bankruptcy. But that doesn’t mean the mall will close, said Richard Shafer, Taunton’s ...
Malls face crunch - Taunton GazetteNews that the Chicago-based owner of the Silver City Galleria is facing financial difficulties — and potential bankruptcy — is a sign of the current worldwide economic crisis, according to a major retail trade organization. “The problem right ...
Officials: Financial crisis can lead to violence - FOX NewsAn out-of-work money manager in California loses a fortune and wipes out his family in a murder-suicide. A 90-year-old Ohio widow shoots herself in the chest as authorities arrive to evict her from the modest house she called home for 38 years. In ...
As economy sinks, officials fear violent solutions - CNNWorries mount after a string of financially related violent incidents across U.S. Texas psychologist says current crisis breeding a sense of chronic anxiety Next Article in U.S. » (AP) -- An out-of-work money manager in California loses a fortune ...
Financial stress sparks a rise in depression, violence - Houston ChronicleMore and more Washington-area residents, police say, are torching their cars hoping for a quick insurance check. A Baltimore police officer did it. So did a Baltimore firefighter. A Prince William County, Va., resident burned a minivan for a friend ...
Economy takes its toll ... on human lives - Philadelphia Daily NewsAn out-of-work money manager in California loses a fortune and wipes out his family in a murder-suicide. A 90-year-old Ohio widow shoots herself in the chest as authorities arrive to evict her from the modest house she called home for 38 years. In ...
as credit crunch squeezes cash flow - Providence Business NewsCHICAGO – General Growth Properties Inc. (NYSE: GGP), whose properties include Providence Place, the Silver City Galleria in Taunton and Boston’s historic Faneuil Hall Marketplace, may seek bankruptcy protection. In a regulatory filing last ...
Providence Place parent to sell Las Vegas malls - Providence Business NewsCHICAGO – General Growth Properties Inc. (NYSE: GGP), owner of Providence Place, the Swansea Mall and the Silver City Galleria in Taunton, today delayed its third-quarter report, citing the company’s “recent executive management changes.” The ...
Faneuil Hall, Natick Collection Owner In Trouble - WBZ-TVBOSTON (WBZ) ― The company that owns several popular malls in New England says it may have to file for bankruptcy - just before the holidays. General Growth Properties Inc. of Chicago owns the Faneuil Hall Marketplace , the Natick Collection ...
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.
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