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HUD backs plan to save homes in foreclosure - Journal-News
HAMILTON — Butler County has submitted a plan to the U.S. Department of Housing and Urban Development to use a $4.2 million federal grant to combat neighborhood blight and foreclosure. Central to the county's plan is an untested initiative to keep ...

State Sen. Boseman faces two more foreclosures - Star News Online
Two more of state Sen. Julia Boseman’s properties – an office condominium in New Hanover County and a three-bedroom mobile home in Brunswick County – are being foreclosed upon due to late mortgage payments. Click to enlarge This building at ...

American Tower's profit increases in third quarter - Boston Globe
Boston-based American Tower Corp. , which owns wireless communication towers, said third-quarter profit rose 2 percent on tower revenue growth. Earnings increased to $60.5 million, or 15 cents per share, compared with $59.6 million, or 14 cents per ...

Lake Barrington man led massive swindle, feds say - Arlington Heights Daily Herald
Federal authorities Wednesday took over the case against a Lake Barrington Shores man accused of scamming the elderly and the unsuspecting out of their homes and property. In the process, the feds added numerous accusations against Charles H. Landwer ...

Cautious reception for mortgage plan - Morning Call
Use the home in question as their primary residence. Prove they were worthy of credit when they took the original loan. Have provided a down payment on the home. Local housing and banking experts are reacting cautiously to John McCain 's proposal to ...

Bankers weigh in on housing decline - Allentown Morning Call
A group of Lehigh Valley bankers says the current housing slowdown won't go away overnight and will affect builders, residents with less-than-stellar credit and businesses considering an expansion. The region will be spared some of the toughest ...

Deep Events and the CIA’s Global Drug Connection - Uruk Net
"L'Assemblea Generale dichiara che: la soggezione dei popoli a dominio straniero, conquista e asservimento costituisce una negazione dei diritti umani fondamentali, è contraria alla Carta delle Nazioni Unite ed è un impedimento alla promozione ...

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Today's Mortgage Terms starting with S

  • Second Mortgage: An additional mortgage that has rights that are secondary to the first mortgage.
  • Seller’s Market: Market conditions that are favorable to sellers. There are more buyers than properties available for sale. The buyers may be forced to compete and pay more for the same property.
  • Settlement Costs: Money paid by the borrowers and sellers to complete the closing of a mortgage.
  • Settlement Cost (HUD Guide): HUD publishes a booklet that gives an overview of the lending process and is given to consumers after completing their loan application.

    View all Terms
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