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Pulse of the economy: The new frugality - AZCentral.comThis time, it's hitting all of us. On Nov. 21, 10 Republic reporters and four photographers fanned out across the Valley to take the pulse of the Arizona economy. They asked everyday people, many of them solidly middle-class, how they were coping. It ...
Rising foreclosures rock families - Northwest HeraldCary Bruce is on the edge of foreclosure. Janice Jones has been to the brink and back. In May 2004, Bruce, a McHenry native, and his wife bought a small house in Round Lake Beach where they live with four children. They bought the house before Bruce ...
Foreclosure filings are up in Utah - Daily HeraldWhile the deepening housing slump and tight credit conditions have resulted in rising numbers of foreclosures in Utah, local real estate experts downplay the magnitude of the problem here compared with that of California, Florida, Arizona, Nevada ...
Ozarks Homeowners Lose Homes They Never Really Owned - KSPR.comWe've heard stories of foreclosures all over the United States; here’s another one, with a twist. Homeowners who pay their mortgage on time are losing their homes; it’s happening to about a dozen families across the Ozarks. After months of ...
Viewer Stories: Living Paycheck To Paycheck - WSB-TV AtlantaI have to take medication for a chronic illness that I have, and instead of taking them everyday, I now take them every other day because health care cost is so high and I have to make them last so I can have more money to buy gas and food! Kelly ...
Bids in foreclosure auction fall through - ksl.comNot all people bought a home they could not afford...Some got into trouble by becoming very sick and losing pay and or jobs, others got caught in layoffs, others got caught in creative financing by the banks and others had their income decreased byt ...
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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