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When couples split, the home is a hot potato - Miami Herald
''When people are stuck in a house, so much gets put on hold,'' said Robin, the Boca Raton mediator. ``They are living in limbo. They are not really free to date other people.'' Fed up with the unexpected company, the wife finally agreed to sign over ...

When couples split, no one wants the house - Palm Beach Post
During the real-estate boom, couples who divorced would fight over who got the house, betting that the winner could get rich from rapidly escalating prices. Spouses plunked down thousands to buy out their partner. Disposing of the ''marital asset ...

Fed Lowers Rates Again and Refinance.com Hotline Helps Homeowners ... - PR Newswire
NEW YORK, March 18 /PRNewswire/ -- Refinance.com, the nation's premier source for home mortgage refinancing, announces its national FHA Mortgage Hotline to help consumers understand the impact of today's Federal Reserve action on interest rates and ...

Sirius XM in Talks to Refinance Debt, Cuts Forecast (Update4) - Bloomberg
Nov. 6 (Bloomberg) -- Sirius XM Radio Inc. , the only U.S. pay-radio broadcaster, began talks with banks to refinance debt and lowered its forecast for subscriber growth after U.S. car sales plummeted. The company is seeking to replace 2.5 percent ...

Avon Jittery As It Prepares To Refinance Debt - Hartford Courant
PHILIP SCHENCK, the Avon town manager, and Blythe Robinson, the assistant town manager, stand in front of the town hall complex. Avon on Tuesday hopes to sell $25.8 million in short-term notes in order to retire existing debt. But upheaval in the ...

SBA trims losses, sees solid wireless demand - Palm Beach Post
BOCA RATON — Despite missing analysts' third-quarter expectations, SBA Communications Corp. said it sees a "very favorable demand environment" for its wireless tower operations. The Boca Raton-based firm announced that it had trimmed third-quarter ...

Coughlin Stoia Geller Rudman & Robbins LLP Files Class Action - MSN MoneyCentral
Coughlin Stoia Geller Rudman & Robbins LLP ( “ Coughlin Stoia ” ) ( http://www.csgrr.com/cases/generalgrowth/ ) today announced that a class action has been commenced in the United States District Court for the Northern District of Illinois on ...

Mall owner in liquidity crunch - South Florida Business Journal
General Growth Properties, a nationwide owner and manager of shopping malls, said in a Securities and Exchange Commission filing that it might be forced to file for Chapter 11 bankruptcy if it could not refinance nearly $1 billion in debt coming due ...

Data Warehouse Creates New Opportunity for Mortgage Lenders Following ... - PR Newswire
BOCA RATON, Fla., March 24 /PRNewswire/ -- Data Warehouse, a TRANZACT company and leading provider of marketing information solutions to the mortgage and financial industries, today announced that it has created a new and unique opportunity for ...

Grim Economy Endangers 5 South Florida Malls - CBS 4 South Florida
MIAMI (CBS4) ― General Growth Properties Inc., owner of 5 major shopping centers in South Florida, saw its shares plummet Tuesday after the mall owner warned it faces solvency trouble and may be forced to file for bankruptcy if it can't refinance ...

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Today's Mortgage Terms starting with C

  • Cash To Close: Liquid assets that are available on hand for payment of closing costs involved in the processing of a mortgage transaction.
  • Closing: The completion of a real estate transaction. The closing includes the delivery of a deed, financial adjustments, signing of notes and disbursement of funds required to finalize the sale and loan transaction.
  • Closing Costs: Fees generally paid by the borrower in relation to the closing of a mortgage loan.
  • Collateral: Property pledged as security for a debt.
  • Conforming Loan: Conventional home mortgages eligible for sale and delivery to either the Federal National Mortgage Association (FNMA) or the Federal Home Loan Mortgage Corporation (FHLMC). These agencies generally buys first mortgages up to loan amounts approved by Congressional directive.
  • Conventional Loan: Loans that are not part of any government housing program, free of any restrictions of government insured housing programs, such as loan size limits.
  • Conversion Clause: A feature in certain ARMs that gives you the option to convert the variable rate loan to a fixed-rate loan, usually after the first adjustment period. The new fixed rate will be set at current rates and there could be a fee for the conversion feature.
  • Convertible ARM: A type of ARM loan that can be converted to a fixed-rate loan after a certain time period.
  • Covenant: A clause in a contract that obligates or restricts the parties and if broken, can result in a legal action.
  • Credit Bureau: It is a clearinghouse for credit history information.
  • Credit Report: A report containing a detailed credit history of an individual.

    View all Terms
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