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News about Mortgages:
Local mall operator says it's at risk for default - Boston GlobeThe mall operator whose portfolio includes such local shopping centers as Natick Collection (above), Faneuil Hall Marketplace , and Providence Place warned that it faces solvency trouble. Shares of General Growth Properties Inc. fell yesterday after ...
Natick Collection owner risks default - MetroWest Daily NewsGeneral 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 ...
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 ...
New manager for market? - Boston GlobeMerchants at Faneuil Hall Marketplace are asking the City of Boston to run the outdoor shopping center if their current landlord, General Growth Properties Inc. , files for bankruptcy protection. General Growth, the second-largest US mall operator ...
Owner of Providence Place faces bankruptcy - South Coast TodayCHICAGO — Shares of General Growth Properties Inc., which owns the Providence Place Mall, the Fanuel Hall Marketplace, and Natick Collection, plummeted Tuesday after the mall owner warned it faces solvency trouble and may be forced to file for ...
Troubled Economy Affects Malls - WMUR.comCONCORD, N.H. -- The troubled economy putting several local malls in jeopardy, including the Steeplegate Mall in Concord. Chicago-based General Growth Properties says it may be forced to file for bankruptcy. It's the nation's second largest mall ...
Today's Mortgage Terms starting with E
Equity: The difference between the current market value of a property and the total debt outstanding against the property.
Escrow: A transaction in which a third party represents both the buyer and seller, or for borrower and lender, involving the handling of legal documents and disbursement of funds. In some parts of the US, escrow of taxes and insurance premiums are referred to as impound or reserves.
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