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Great Wolf still talking with lenders - Wisconsin State Journal
Great Wolf Resorts said Friday it remains in discussions with its lenders regarding an extension of Sunday's maturity date on a $76.8 million mortgage on its Mason, Ohio, resort property. The Madison company announced earlier this month in its ...

Despite slumping real estate market, Madison's newest cohousing ... - Wisconsin State Journal
Amid the toughest real estate market in a generation, a group of self-described amateurs has pulled off something of a miracle: selling all but three units in the 40-unit Arboretum Cohousing project. Long popular in Scandinavia but relatively new in ...

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 ...

Real estate a tough sell in troubled economy - San Francisco Gate
Tuesday, December 2, 2008 The most glaring and frightening example for many in the industry was the recent revelation that Alexandria Real Estate Equities Inc. will not move forward with two biotechnology buildings at San Francisco's Mission Bay ...

Register for FREE - Wall Street Journal
Please register to gain free access to WSJ tools. An account already exists for the email address entered. Sometimes it takes a world-wide economic meltdown to remind you of how good you had it. It was just so for THL — former Thomas H. Lee ...

UW-Madison offering course on brewing beer - Milwaukee Journal Sentinel
The Chicago Tribune reports that UW-Madison is offering a beer brewing class next semester. The story says that "MillerCoors donated $100,000 in equipment that can make 10 gallons of beer at a time." Instead of teaching the students at UW-Madison how ...

Real-Time News - Newark Star-Ledger
• Football: Millburn plays Madison during their Thanksgiving game • Football: Millburn plays Madison during their Thanksgiving game • Football: Millburn plays Madison during their Thanksgiving game Drowning in debt, and citing a weak retail and ...

LOOK TO LARRY - New York Post
Billionaire real estate mogul Larry Silverstein is gunning to buy the iconic GM Building from beleaguered developer Harry Macklowe in a deal that could fetch about $3.5 billion ahead of a deadline for bids, according to sources familiar with the ...

Hemsky scores lone shootout goal in Oilers' win - FOX News
NEW YORK — Ales Hemsky scored the only goal in the shootout and undefeated rookie goalie Jeff Drouin-Deslauriers made 40 saves for the Edmonton Oilers, who ended their longest road trip of the season with a 3-2 victory over the New York Rangers on ...

Getting to the other side - Boston Globe
Plummeting investments. Rising mortgage payments. Huge debts. Stagnant wages. The worst financial crisis since the Great Depression is squeezing Americans on all sides. As governments struggle to stabilize the world's financial markets, many families ...

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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.
  • Buyer’s 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.

    View all Terms
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