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News about Mortgages:

Jackson County residents seeing more foreclosures - Oregonian
Bob Pennell, Medford Mail Tribune Kathleen Jones' farm in the Applegate Valley is scheduled to go into foreclosure in December. pennell photo Jackson County has the second-highest foreclosure rate of any Oregon county, this morning's Medford Mail ...

Easy credit no more - Medford Mail Tribune
An inflatable gorilla beckoned from the roof of Don Brown Chevrolet in St. Louis, servers doled out free bowls of pasta and a salesman urged potential customers to "come on up under the canopy and put your hands on" a new set of wheels. But sitting ...

Foreclosures leave residents at a loss - Medford Mail Tribune
Kathleen Jones has an affinity for animals, referring to herself as "Mother Goose" on her personalized license plates. The 61-year-old Applegate resident is surrounded by geese, llamas, sheep and other livestock and pets on the 45-acre farm she's ...

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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