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Deals with Beach company put some owners out of homes - HamptonRoads.comClick a thumbnail to view the full-size image. Buy Pilot photos here. Loading... Distressed homeowner seeks to refinance, is told credit is insufficient, and is referred to Clean Slate for “credit repair.” An “investor” (straw buyer) is ...
Mortgage deals with Beach company put owners out of homes - HamptonRoads.comIt was Delisa Mackey's dream home: a tidy two-story house with a two-car garage on a quiet Suffolk cul-de-sac with a patch of woods out back. It was built brand-new to her specifications in 2002, and her name was on the deed. No more renting for this ...
Show your support. - Huffingtonpost.comIn the last two weeks, there has been a flurry of stories, both in the traditional press and in the blogosphere, that has tried to portray criticism of Barack Obama's recent stands as the sole province of disenchanted members of "the left" -- also ...
State Supremes: unsubstantiated allegations of teacher sexual ... - Spokane Spokesman-ReviewIn a case where the 11 petitioners are all known as John Doe, the state Supreme Court ruled 6-3 this morning that unsubstantiated allegations of teacher sexual misconduct can be withheld from public disclosure. School districts can investigate any ...
Fed, Treasury To Spend $800B More To Ease Credit - CBS 11 NewsWASHINGTON (CBS News) ― The government has introduced a pair of new programs that will provide $800 billion to help unfreeze the market for consumer debt which Treasury Secretary Henry Paulson calls vital to supporting the economy. The Federal ...
Trusting woman buys home, now faces foreclosure - Des Moines RegisterAfter living in homes owned by others for 50 years, Marlely Davis finally realized the American dream. She lived in her parents' home into her late 20s in Indonesia, tending to them while sewing curtains for money. She lived in rental homes in the ...
Aid for local farmers stalled in Congress - Natchez DemocratVIDALIA — Local farmers will have to wait until January to know if they will receive federal aid to ease economic pressures put on them when Hurricane Gustav destroyed their crops earlier this year. When she visited the parish in October, U.S. Sen ...
When In Doubt, Yell "Fannie Mae" - Huffingtonpost.comThere must be a Republican playbook circulating widely with a chapter entitled, "What to say if asked who's to blame for the foreclosure mess." Because an awful lot of Republican candidates are all suddenly yelling "Fannie Mae, Fannie Mae, Fannie Mae ...
Pride International Inc. Q3 2008 Earnings Conference Call Transcript - Seekingalpha.comThank you for waiting and welcome to the third quarter 2008 earnings call conference hosted by Pride International. As a reminder today's conference is being recorded. Your lines are currently muted and will be opened at the end of the formal ...
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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