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General Growth Properties retains Sidley Austin LLP in ‘advisory ... - Atlanta Business Chronicle
The owner of Cumberland Mall, Perimeter Mall, North Point Mall, Southlake Mall in metro Atlanta has hired one of the country’s largest law firms as it considers filing for bankruptcy protection. Chicago’s General Growth Properties Inc. (NYSE: GGP ...

General Growth Properties may seek protection - Atlanta Business Chronicle
General Growth Properties Inc. , which owns Cumberland Mall, Perimeter Mall, North Point Mall, Southlake Mall in metro Atlanta, said it may be forced to seek protection from its creditors as it struggles to refinance debt. Chicago-based General ...

Frostburg officials will likely approve offer for Water Street ... - Cumberland Times-News
Published: October 15, 2008 10:26 pm Frostburg officials will likely approve offer for Water Street building From Staff Reports Cumberland Times-News FROSTBURG — Frostburg city officials will likely approve an ...

No. 2 mall operator warns of bankruptcy - CNN Money
NEW YORK (CNNMoney.com) -- General Growth Properties Inc., the No. 2 mall operator in the United States, has warned that an ongoing slump in retail sales, combined with the credit market lockdown, has pushed the company to the brink of bankruptcy ...

State Foreclosure Crisis - Cumberland Times-News
CUMBERLAND - The Rev. Charles Cephas has seen the worried, troubled look of couples and the uncertain future behind the eyes of children who have walked into his office. "I could take all day long to tell you all the horrible scenarios since this ...

New Rules Allow the FHA to Buy Troubled Loans - BusinessWeek
by Mara Der Hovanesian For much of the real estate boom, the Federal Housing Authority sat frustrated on the sidelines. Handcuffed by congressional limits on the cost and size of its loans, the original government buyer of mortgage loans couldn't ...

Kotok: V'land could survive finance storm - Daily Journal
David R. Kotok, founder and chief investment officer of Vineland-based Cumberland Advisors, told the Greater Vineland Chamber of Commerce on Friday the fact the United States is in a "financial meltdown" is obvious. "The question is how much and how ...

Why check with Land of Lincoln Credit Union FIRST for your next auto ... - WAND TV
Low Rates -You owe it to yourself to check out Land of Lincoln Credit Union BEFORE you head to the dealership. We offer low rates on the models you want! Fantastic Terms - Choose from the following standard budget-friendly terms: 36, 48 60 or 72 ...

Business Digest - Providence Journal
General Growth Properties, owner of the Providence Place mall, has reported a third-quarter loss and abandoned its third-quarter dividend. In the second quarter, it paid 50 cents a share. The Chicago-based company also cut its forecast for this year ...

Credit experts answer your questions - WRAL
I am overloaded with credit card debts and have numerous outstanding doctor/hospital bills that have been turned over to collection agencies and now to a credit bureau. I see no way out, as I had to file bankruptcy in 2004. Would you please suggest ...

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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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